Australian Strategic Materials has critical minerals strategy validated with A$5 million grant By Proactive Investors
Australian Strategic Materials Ltd (ASX:ASM, OTC:ASMMF) has received strong validation of its strategy to build international critical mineral supply chain opportunities on being awarded an A$5 million Australian Federal Government grant for its Dubbo Project.
The grant, to be matched by ASM, is part of the Federal Government’s International Partnerships in Critical Minerals Program (IPCM) launched in February 2024 to provide critical minerals businesses funding to grow end-to-end supply chains with Australia’s international partners.
To support pre-FEED work
It will support work to identify potential lower capital and shorter implementation pathways to rare earth element (REE) production at the Dubbo Project in Central West New…
