Rare earths miner Australian Strategic Materials secures loan for project construction
The date of：
2021-06-29
viewed:
9
June 28 (Reuters) - Miner Australian Strategic Materials ASM.AX said on Monday it had secured a A$200 million ($151.68 million) loan to develop its flagship Dubbo rare earths project in New South Wales, as demand for critical and rare earth metals surged worldwide.The rare earths producer secured the funding from Export Finance Australia (EFA) for the construction of the project which will produce metals such as zirconium and niobium — considered crucial for the economy — and rare earth metals including neodymium and praseodymium.'The critical metals we will produce from the Dubbo Project are all in high demand for a suite of modern industrial applications, including energy efficient technologies, electric vehicles,' Managing Director David Woodall said in a statement.The debt funding, conditional on the miner securing supply deals and environmental approvals, comes at a time when battery metals and minerals are in high demand amid rising calls for achieving climate change goals and curbing carbon emissions.
Hot News
/
Related to recommend
2025
-
04
-
03
Click on the number of times:
0
Synthesis of Mixed Anion Rare Earth Sulfate Fluorides LnSO4F·H2O (Ln = Nd, Tb, Dy, and Ho) and LnSO4F (Ln = Tb, Dy, and Ho) source:ACSPublicationSingle crystals of the mixed anion rare earth...
2025
-
04
-
02
Click on the number of times:
0
source:SMALL CAPSAlligator Energy (ASX: AGE) has identified multiple uranium anomalies and some rare earth potential in analysis of results from its 2024 exploration program in the Alligator Rivers ur...
2025
-
04
-
01
Click on the number of times:
0
source:Hebrew University of JerusalemResearchers have discovered an unexpected superconducting transition in extremely thin films of niobium diselenide (NbSe2). Publishing in Nature Communications, th...
2025
-
03
-
31
Click on the number of times:
0
source:resourceworldBrazilian Rare Earths Limited [ASX: BRE] reported results of exploration drilling at the Pelé Target 1 Project, located in Bahia, Brazil.The Pelé Project is hosted within...