Australia's Amaero International gains after securing $23.5 million loan

Amaero

09/01/2025 03:21

** Shares of Australia's Amaero International  3DA.AX  rise
as much as 6.1% to A$0.350, highest since early December
    ** Titanium powder producer announces that its unit has
secured a direct loan of $23.5 million (A$37.8 million) from
U.S. Export-Import Bank, based on an exchange rate of $0.621
    ** The U.S. federal government export credit agency will
provide capital equipment financing and will directly fund the
loan as part of the bank's Make More in America initiative 
    ** 1.1 mln shares change hands, 2.3 times compared with the
30-day average volume of 476,740
    ** Stock rose 4.2% in 2024

 (Reporting by Manasi Dasa Sundeep in Bengaluru)
 ((Manasi.DasaSundeep@ThomsonReuters.com))