ASM refinances Korean Development Bank corporate debt facility

June 5, 2025 (Source) — Australian Strategic Materials Limited (ASM or the Company) (ASX: ASM) advises that it has executed a refinance of its loan facility with the Korean Development Bank (KDB) as part of a refinance of existing Korean loan facilities associated with the Company’s Korean Metals Plant (KMP).

The refinanced KDB loan will comprise of a secured loan facility of up to ₩9 billion (~A$10.2 million)¹, following a partial loan repayment of ₩3 billion (~A$3.3 million), with a repayment date of 10 June 2026.

This follows the refinance of the Hana Bank loan of ₩3 billion (~A$3.3 million), announced by the Company on 29 May 2025². The refinancing provides financial flexibility for the Company to continue to focus on improving technical capability and ramp-up activities for the KMP.

ENDS –

FOR MORE INFORMATION PLEASE CONTACT:

Investors

Stephen Motteram
CFO, ASM Ltd
+61 8 9200 1681

Media Australia

Ian Donabie
Manager Communications
+61 424 889 841
[email protected]

This document has been authorised for release to the market by the Board.

1 Exchange rate (₩:A$): 0.0011
2 Refer to ASX Release, 29 May 2025: “ASM refinances Hana Bank corporate debt facility”