The Bulls N' Bears ASX Runner of the Week is… Australian Strategic Materials, which bagged a $450 million takeover bid from NYSE-listed Energy Fuels Inc. Osteopore landed yet another exclusive Hong Kong distribution deal with MontsMed for its dissolving 3D-printed bone scaffolds, Olympio unveiled over 100 high-grade gold hits from drilling at its Bousquet project in Quebec and Riversgold continued the gold fever with shallow high-grade gold at its Kalgoorlie Northern Zone, plus a $2.15m strategic capital raise.
New York-listed uranium giant Energy Fuels has moved to acquire Perth-headquartered Australian Strategic Materials, in a deal which values the local company at $447 million.
Shares in rare earths minnow Australian Strategic Materials took a beating on Monday after rattling the tin for $55 million to double alloy production and propel its US expansion.The West Perth
Arafura Rare Earths boss Darryl Cuzzubbo has beckoned the prospect of a price floor in the government's critical minerals stockpile, which he says could break China's price control.
Critical minerals miners have overwhelmingly welcomed Anthony Albanese's scarcely-detailed pledge to build a stockpile that could be used as a bargaining chip in trade negotiations.
This week's Bulls N' Bears ASX Runner of the Week is… Grand Gulf Energy, after it acquired an option over a billion-barrel oil prospect off the coast of Namibia. Meteoric Resources announced a maiden resource for its ionic clay deposit in Brazil, Aus Strategic Materials flourished under US rare earths supply concerns following Chinese export bans and NeuroScientific Biophamaceuticals acquired an innovative and life-changing stem cell technology company.
Chinese state-owned companies are “exploiting” Indonesia, US Ambassador Caroline Kennedy says, amid a call for WA's battery metals miners to lead decarbonisation efforts.
Our board moves wrap includes Rowena Smith, Michael Naylor, Jill Kelley, William Kuan, Hugh Thomas, Aaron Banks, Henk Ludik, Deborah Ho, Peter Alphonso, and John Warburton.
Australian Strategic Materials is on track to raise $30 million from investors to via a share placement to advance its Dubbo rare earths project in NSW.
Perth company Australian Strategic Materials is pursuing a novel contracting approach for its rare earths project, signing an engineering, procurement and construction definition (EPCD) contract.
Shares in Australian Strategic Materials were up more than 30 per cent during trading after banking its first round of funding from a cohort of South Korean investors.
Godolphin Resources is lining up an 80-hole 4000m drill program at its Narraburra rare earths project within NSW's highly-prospective Lachlan Fold Belt with the drill bit expected to start spinning this month. The program is designed to support the reclassification of the existing resource estimate of 73.2Mt at 1250 g/t zirconium oxide and 327 g/t rare earths oxides for 91,500t of contained zirconium oxide and 23,950t of rare earths oxides.
Australian Strategic Materials has secured $65 million from investors while announcing plans to raise a further $41 million to build a rare earths processing facility in South Korea.
