Australian Strategic Materials Signs Agreement to Formalize Strategic Partnership With Neo Performance Materials

MT Newswires Live

07/15

Australian Strategic Materials (ASX:ASM) signed a memorandum of understanding with Neo Performance Materials to formalize a broader strategic partnership across supply, tolling, and innovation, according to a Tuesday Australian bourse filing.

The agreement is non-binding and serves as a framework for further talks and potential definitive agreements. It is effective from Tuesday for a period of 12 months.

Australian Strategic also reported the first sale of heavy rare earth metals produced at its Korean Metals Plant, consisting of 2 kilograms of terbium and 2 kilograms of dysprosium to Magnequench, a subsidiary of Neo. These heavy rare earth metals were shipped to Neo's permanent magnet manufacturing facility in Estonia.

It also completed the sale of 10 tonnes of neodymium-praseodymium to Neo for use in their permanent magnet manufacturing facilities.

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These heavy rare earth metals were shipped to Neo's permanent magnet manufacturing facility in Estonia.</p><p>It also completed the sale of 10 tonnes of neodymium-praseodymium to Neo for use in their permanent magnet manufacturing facilities.</p></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"XKO.AU","symbol_name":"標普/澳交所 300指數","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2551390551","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2551390551","pubTimestamp":1752537315,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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