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2 stories mentioning ASX:ATRUpdated 38d ago

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Asia

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
Asia

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%.

ASX:AAIASX:ARLASX:ARUASX:ATRASX:EQRASX:NTUASX:VHM

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