Australian Strategic gets debt funding for rare earths project

Australian Strategic Materials

26/04/2024 24:22

April 26 (Reuters) - Australian Strategic Materials
 ASM.AX  said on Friday it has received a non-binding letter of
interest for a debt funding package of up to A$400 million
($260.84 million) from Canada's official export credit agency.
    The funding is for the development of its rare earths and
critical minerals Dubbo Project in New South Wales, the company
said.
    
($1 = 1.5335 Australian dollars)

 (Reporting by Adwitiya Srivastava in Bengaluru; Editing by
Shailesh Kuber)
 ((Adwitiya.Srivastava@thomsonreuters.com;))