Invest Regional NSW’s Post

[Member News] AustCham Korea would like to congratulate our Silver Member Australian Strategic Materials (ASM) on its milestone. Australian Strategic Materials (ASM) has announced receiving a Letter of Interest (LoI) from the Export-Import Bank of the United States (US EXIM) for a debt funding package valued at up to US$600M (A$923M). This funding package is intended for the construction and execution phase of the globally significant Dubbo Project, which focuses on rare earths and critical minerals. The receipt of the LoI is a significant advancement in ASM's funding strategy for the project. It underscores the recognition of the strong support and engagement from government bodies, investors, and industry groups in North America. "The Dubbo Project is strategically positioned to foster the joint goal of Australia and the US to develop and ensure reliable, responsible, and secure global access to critical minerals," stated Rowena Smith, ASM's Managing Director and CEO, highlighting the project's potential impact on the critical minerals sector. Learn more about this major milestone: https://lnkd.in/gXKQzEht #minetometals #criticalmetals #collaboration

**US EXIM offers $600m support to Dubbo rare earths project** - Australian Strategic Materials (ASM) secured a non-binding and conditional LOI from Export-Import Bank of the United States for a debt funding package of up to $600m for the #Dubbo Rare Earths Project in New South Wales, Australia. - US EXIM's support is contingent upon using US materials during construction and the strategic importance of the Dubbo Project to the critical #minerals supply chain. - The LOI is subject to US EXIM completing due diligence and ASM securing all necessary approvals for the project. - The support reflects strong backing from government entities, investors, and industry groups, especially in North America. - The partnership between Australia and the US, facilitated by the Australia-US Taskforce on Critical Minerals, has paved the way for enhanced cooperation and funding opportunities aligning with bilateral goals. #mines #mining #rawmaterials #decarbonisation #mineralexploration

Australia and Canada’s Joint Statement on Cooperation on Critical Minerals sets out a range of shared priorities where the two countries have agreed to work together...and ASM is excited to be part of the opportunity! Announced by Canada’s Minister of Energy and Natural Resources, the Hon Jonathan Wilkinson and Australia’s Minister for Resources and Northern Australia, the Hon Madeleine King at #PDAC2024, the statement set out the ambition to “deliver a future where the development of our critical minerals are as clean as they can be, and where our industries are able to compete fairly in the international market.” Supporting bilateral mining and service sector trade and #investment was one of several priorities set out. As the two countries further develop this work, Australian Strategic Materials (ASM) was delighted to progress its own partnerships in Canada with the announcement of a A$400M Letter of Interest from Export Development Canada | Exportation et développement Canada in support of the Dubbo Project – ASM's globally significant rare earth and critical minerals deposit in #NSW. EDC’s conditional LoI is supported by equipment and services supply from Canadian companies for the execution phase of the Dubbo Project. At ASM, we're looking forward to working with EDC to progress the due diligence and approval process, as well as being part of a growing relationship between our two countries in pursuit of a diversified and sustainable critical minerals supply chain.   Learn more about ASM’s support from EDC: https://lnkd.in/gZCYj_TF #rareearths #rareearthelements #criticalminerals #criticalmetals #minetometals #collaboration #partnerships

The United States and Uzbekistan have recently signed an MOU on Critical Minerals Partnership, aligning with the joint initiative announced at the C5+1 Presidential Summit. This partnership aims to diversify global mineral supply chains, drive the clean energy transition, and safeguard Central Asia's ecosystems. #Partnership #MineralSupplyChains #CleanEnergy #CentralAsia #MOU

Australia will spend A$566-million ($373-million) over the coming decade to map out resource deposits with a focus on reserves of critical minerals, which are vital for high-tech manufacturing and the green-energy transition.

New Licences Awarded in Botswana. Atlantis Metals Acquisition Completed. Aterian plc (LSE: ATN), the critical metal-focused exploration and development company, is pleased to announce that it has received the 'Change of Control' approval from the Ministry of Minerals and Energy in the Republic of #Botswana ("Botswana") to formally complete the acquisition of the controlling 90% interest in Atlantis Metals (Pty) Ltd ("Atlantis"), a private Bostwana registered entity holding mineral prospecting licences in of Botswana. The Company also announces the award of six new prospecting licences in the world-renowned Kalahari Copperbelt. Highlights: 👉 The acquisition of a 90 % interest in Atlantis, which holds prospecting licences in Botswana, has been completed. 👉 Six new copper-silver prospecting licences, totaling 970.08 km2, recently awarded in the world-renowned Kalahari Copperbelt ("KCB"). 👉 Atlantis hold a portfolio of ten strategically located copper-silver ("Cu-Ag") and lithium (''Li'') projects in Botswana, covering 4,486.11 km2. 👉 The original Atlantis-awarded KCB licence, announced on 8 January 2024, is 50 km east of MMG's Zone 5 deposit (92.9 million tonnes grading 2.00 % Cu and 21 g/t Ag). 👉 Three licences held, covering a combined 2,516.93 km2 within the Makgadikgadi Pans, considered highly prospective for Lithium brine. 👉 Target generation is underway, with independent consultants acquiring and reprocessing airborne geophysical data for the Kalahari Copperbelt project. Vox Markets: https://lnkd.in/ech-rjPW #RNS #VoxMarkets #ATN

Namibia Critical Metals sells noncore assets: Namibia Critical Metals has announced the sale of four non-material gold properties in Namibia to Sylla Gold. Sylla will issue to Namibia Critical Metals three-million common shares at a deemed issuance price of $0.05 a share and make a cash payment of C$100 000 (about N$1.3 billion). This move reflects

📢 We've released our 2024 Q3 Quarterly Report. Key highlights include: 💰 $5M in grant funding from the Federal Government’s International Partnerships in Critical Minerals Program. 👩🔬 Progress of the Rare Earth Options Assessment work to identify lower cost and shorter implementation pathways to rare earth production at the Dubbo Project. 🧲 Product validation notices from two potential NdFeB strip alloy customers located in Korea and the EU. 🗣 Advancing discussions with US EXIM Bank and Export Development Canada in relation to conditional debt financing packages for the Dubbo Project. Learn more ➡ https://lnkd.in/gtWBCJQ2 #criticalminerals #rareearths #criticalmetals #minetometals #DubboProject

🇧🇼 Tati Gold Project, Botswana - Commercial Update 🤝 Power Metal Enters Into Share Option Agreement For Advancement of Tati Gold Project Read the full announcement here: 👉 https://bit.ly/3KP6Dlz Power Metal Resources PLC (🇬🇧AIM:POW, 🇺🇸OTCQB:POWMF) announces a commercial update from its 100% owned Tati Gold Project located on the Tati Greenstone Belt near Francistown, #Botswana. A share option agreement has been entered between Power Metal, Tati Greenstone Resources PTY LTD ("TGR") a company incorporated in Botswana held as a 100% owned subsidiary of Power Metal, and Tuscan Holding PTY LTD ("Tuscan") a company incorporated in Botswana. Subject to exercise of the Option, Power Metal, through TGR, will retain a 25% interest free carried to production in Prospecting Licence 049/2022 (which covers the Cherished Hope Mine) and from which it is intended that TGR will become a material dividend paying entity from net cash flow generated from gold production. Power Metal will retain the right to a 100% interest in other prospecting licences held by TGR other than PL049/2022. Further details are provided below. 📢 Sean Wade, CEO of Power Metal Resources, commented: "I am delighted to announce this exciting Agreement for Power Metal shareholders. Tati is a very important Project for us and it is great to be able to take it forward with a partner which is able to make such a substantial financial investment, giving Power shareholders a significant share of the upside without the additional cost. This further validates our successful business model and we look forward eagerly to the progress that we are confident this Agreement will create." #POW #POWMet #monetisation #farmout #development

The Australian Government 's commitment to supporting #criticalminerals projects is evident through the recently expanded $4 billion Critical Minerals Facility, dedicated to building a secure and resilient supply chain. From Minister for Trade and Tourism, Don Farrell: "Australia is entering a golden age in critical minerals development, engaging with global partners to diversify supply chains." QEM’s flagship #vanadium and oil shale project is a unique world class resource and one of the single largest vanadium deposits in the world today. The Julia Creek Project covers 250km2 within Queensland’s North West Minerals Province. Situated just 6km south-east of the Julia Creek township, the project benefits from proximity to major #infrastructure and services. https://lnkd.in/gN6ZDUuU