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
2024
-
04
-
24
Click on the number of times:
0
source:SMALL CAPSNimy Resources (ASX: NIM) has identified promising multi-element intersections and high-grade gallium at the Block 3 target within its Mons project in Western Australia.The company’s ...
2024
-
04
-
24
Click on the number of times:
0
source:SMALL CAPSCosmos Exploration (ASX: C1X) has received high-grade rare earth element (REE) assay results in rock chip samples obtained from its 100%-owned Byro East Project in Western Australia.T...
2024
-
04
-
22
Click on the number of times:
0
source:phys.orgCarbon dots (CDs) are an intriguing class of nanomaterials that have attracted a great deal of attention in recent years. These carbon-based materials possess excellent fluorescence pro...
2024
-
04
-
19
Click on the number of times:
0
source:phys.orgAn Oregon State University researcher who made color history in 2009 with a vivid blue pigment has developed durable, reddish magentas inspired by lunar mineralogy and ancient Egyptian ...