ASX:ATR

3 stories mentioning ASX:ATRUpdated 13d ago

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Astron Secures Government Approval for Rare Earth Exports to US; Shares Fall 6%

Astron (ASX:ATR) has secured Australian Government approval to export rare earth element concentrate (REEC) from its Donald rare earth and mineral sands project in Victoria to the US, according to a Tuesday filing with the Australian bourse.The company's joint venture (JV) partner in the Donald project, Energy Fuels, has the right under the JV agreement to purchase 100% of Donald's REEC for processing into rare earth oxides at its White Mesa Mill in Utah, per the filing.The concentrate contains valuable heavy rare earths, including 0.4% terbium oxide and 2.7% dysprosium oxide, both of which are essential for producing high-performance permanent magnets, the filing said.The company and Energy Fuels continue to advance phase one project financing, with a final investment decision targeted for the third quarter, the filing added.The company's shares fell 6% in recent Tuesday trade.

ASX:ATR

Asia84d ago

Astron Targeting AU$220 Million Financing Package for Victoria Rare Earths Project; Shares Down 3%

Astron (ASX:ATR) is targeting a AU$220 million lending package to support the phase 1 development of its Donald rare earths and mineral sands project in Victoria, according to a Monday filing with the Australian bourse.The company is in talks with Export Finance Australia, other government financing agencies, and commercial lenders for a senior debt facility to support the project, which is a joint venture between Astron and US-based Energy Fuels.A final investment decision for the project is now planned for the third quarter of this year, Astron said.The company's shares fell nearly 3% in recent Monday trade.

ASX:ATR

Asia154d ago

Export Finance Australia, US Export-Import Bank Issue Letters of Up to $500 Million Each for Ardea's Western Australia Nickel Project

Export Finance Australia (EFA) and the US Export-Import Bank (EXIM) issued letters of support/interest of up to $500 million each for Ardea Resources' (ASX:ARL) Kalgoorlie nickel project in Western Australia after Australia's Minister for Resources and Northern Australia Madeleine King and the US Secretary of the Interior Doug Burgum agreed on priority critical minerals and rare earths projects under the two countries' bilateral Critical Minerals Framework, according to a Monday statement.The critical minerals include nickel, cobalt, gallium, magnesium, vanadium, and graphite.Other projects supported under the framework include Alcoa (ASX:AAI) Gallium recovery project in Western Australia, Arafura Rare Earths's (ASX:ARU) Nolans rare earths project in the Northern Territory, Astron's (ASX:ATR) Donald rare earths project in Victoria, Northern Minerals' (ASX:NTU) heavy rare earths project in Western Australia, VHM's (ASX:VHM) Goshen rare earths project in Victoria, and EQ Resources' (ASX:EQR) Mt Carbine tungsten project in Queensland.Ardea's shares were up over 2% in recent trading on Monday, while those of Astron rose nearly 1%. Shares of Alcoa fell 1%, Arafura fell 1%, VHM declined 5%, and those of EQ Resources decreased 9%.

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