Australian Strategic Materials Ltd (ASX:ASM)'s David Woodall speaks to Proactive following news of a conditional exclusive framework agreement which sees a consortium of South Korean investors subscribe for a 20% equity interest in the Dubbo project along with offtake from the company's Korean Metals Plant.They'll invest US$250 million in the project's holding company Australian Strategic Materials (Holdings) Ltd (ASMH) and it will include provision for a 10-year offtake agreement for up to 2,800 tonnes per annum of neodymium-iron-boron alloy from the Korean Metals Plant (KMP).
Australian Strategic Materials details key investment and offtake deal for Dubbo project
