ASX:ASMMetals and Mining
Australian Strategic Materials (ASX:ASM): Evaluating Valuation Following $55m Raise and Rare Earths Expansion Plans
Australian Strategic Materials (ASX:ASM) just wrapped up a $55 million institutional placement, fueling the Phase 2 expansion of its Korean Metals Plant. This move is expected to double neodymium alloy production and broaden the company’s role in rare earth supply chains.
See our latest analysis for Australian Strategic Materials.
It has been a wild ride for Australian Strategic Materials’ share price lately. After a huge 92.7% surge in the past month, driven by the capital raise and plans to...