Australian Strategic Materials receives $600 mln LOI for Dubbo rare earths project

Australian Strategic Materials

20/03/2024 21:54

March 21 (Reuters) - Australian Strategic Materials
 ASM.AX  said on Thursday it has received a letter of interest
(LOI) for a debt funding package of up to $600 million from the
Export-Import Bank of the United States to support the
construction phase of its Dubbo Project. 
    If confirmed, this would be the first ever U.S. investment
in an Australian rare earths project.

 (Reporting by Ayushman Ojha; Editing by Krishna Chandra Eluri)
 ((Ayushman.Ojha@thomsonreuters.com;))