Thomson Geer advises Australian Strategic Materials on A$55 million capital raising
Thomson Geer has advised Australian Strategic Materials Ltd (ASX: ASM) on its successful A$55 million equity capital raising via a placement of new shares.
The placement comprises a ~A$50.7 million tranche scheduled to complete on 27 October 2025, and a further ~A$4.4 million tranche expected to complete in December 2025, subject to shareholder approval.
This significant capital raising reflects strong market confidence in ASM’s proven capability in downstream rare earth metallisation and its broader mine-to-metals strategy. The funds raised will support ASM’s ongoing development and expansion initiatives.
Thomson Geer acted as Australian legal adviser to ASM on all aspects of the placement.
The firm’s team was led by Special Counsel Cameron Bill who said, "We are pleased to have supported ASM on this important capital raising. The successful placement underscores the strong investor confidence in ASM’s strategic direction and its capability in rare earth metallisation and downstream processing."
The deal team also included Partner Scott Gibson and Lawyer Charlie Mitchell.
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