AML3D's strategic capital raise announcement

AML3D (ASX:AL3) announced a successful A$30 million capital raise through a share placement at A$0.19 per share. The funds are earmarked to double manufacturing capacity at their US Technology Centre in Ohio and establish a new facility in Europe. This expansion leverages growth opportunities, especially in defense sectors.

Overview of AML3D's ambitious growth plans

AML3D has raised A$30 million through a share placement to fuel its global expansion. The capital will enhance their US manufacturing capabilities and initiate their entry into the European market. A significant portion will also support R&D to advance their additive manufacturing technology. With a strong focus on defense and aerospace sectors, AML3D aims to capitalize on significant contracts and supply chain resilience initiatives. This strategic move positions the company for robust growth in the global market.

Executive insights on AML3D's growth strategy

The proceeds will more than double manufacturing capacity at the US Technology Centre in Ohio with an investment of A$12 million. AML3D is exploring opportunities in the UK and European markets with an initial setup of one ARCEMY® system as a production and demonstration unit.