ASM's strategic business priorities and key achievements in the Quarter

Australian Strategic Materials (ASM) (ASX: $ASM) has received non-binding and conditional funding offers from the Export-Import Bank of the United States (US EXIM) and Export Development Canada to provide debt funding packages for the construction and execution phase of the Dubbo Project. The US EXIM has offered up to US$600 million, while Export Development Canada has indicated support for up to A$400 million. These offers reflect the strong engagement ASM has experienced from government, investors, and industry groups in North America.

ASM's progress and future plans for the Dubbo Project

ASM continues to progress discussions with other export credit agencies and commercial banks regarding participation in funding the Dubbo Project. The company is actively exploring opportunities for government funding and support, including applications for funding under the Australian Federal Government's International Partnerships in Critical Minerals Program. ASM is also engaging with key US government agencies to explore funding opportunities under the US 'Defense Production Act'. The company is committed to updating the market as these processes progress.

Outlook and corporate strategy for ASM

ASM's Dubbo Project is integral to its mine to metals business, and the non-binding funding offers from US EXIM and Export Development Canada mark significant progress in securing the necessary funding for the project. The company's improved ESG Risk Rating from Morningstar Sustainalytics positions ASM in the top 10 per cent of companies globally within the Diversified Metals-Mining Industry Group. ASM is committed to continued improvement in its ESG activities. The successful completion of an institutional placement to raise A$15 million and the intention to undertake an Entitlement Offer further demonstrate the company's efforts to secure funding for its strategic priorities. ASM's ongoing engagement with export credit agencies, commercial banks, and government bodies reflects its dedication to securing the necessary funding and support for the Dubbo Project.