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An Australian-first rare earths and critical minerals project in Dubbo, regional NSW, has taken a material step forward after Australian Strategic Materials (ASM) received financial backing from a US export credit agency.   Export-Import Bank of the United States (USEXIM) signed a non-binding and conditional Letter of Interest to provide a debt funding package of up to $923 million (USD$600 million) for the construction of the rare earths mine, which will support the company’s metals refinery in Korea.   The funding will go towards the construction phase of the Dubbo Project, showcasing the new opportunities between Australia and the US to achieve bilateral objectives.   #criticalminerals #rareearths #dubbo #regionalnsw #investmentopportunities #InvestRegionalNSW #ASM

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The Dubbo Project is a globally significant rare earths and critical minerals deposit in the national interest. We're excited by the opportunity to develop it in the Tier 1 jurisdiction of #NSW and the benefits it will bring to the region 👍

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