Australian Strategic Materials: Funding, Investors & Team (Sep 2026)
Australian Strategic Materials (ASM) is building a global rare earths and critical minerals business to provide the high-tech metals needed to solve the challenges of today and the future. ASM has its cornerstone rare earths and critical minerals project in Dubbo, Australia, and its flagship high-tech metals plant in Ochang, South Korea. ASM intends to develop the Dubbo Project to produce a range of metal oxides and mixed chlorides. Working in partnership with the Australian Nuclear Science and Technology Organisation (ANSTO), ASM has completed significant successful test work to develop an advanced flowsheet and optimise oxide recoveries. When the Dubbo Project is constructed, the products will be metallised at ASM’s Metals Plants, the first of which is in Ochang, Korea. The Korean Metals Plant opened in 2022, and delivered its first sale of neodymium praseodymium metal in September. The plant’s initial focus is on neodymium products and titanium alloy.
Australian Strategic Materials has raised $3.4M across 1 funding round on record, the most recent an undisclosed round of $3.4M announced in Oct 2024.
That round is above the $2.2M median round size for Natural Resources companies tracked on FundedIQ over the last two years.
Australian Strategic Materials Company Profile and Key Stats
Latest funding round on record: Oct 2024.
Australian Strategic Materials Funding Rounds
Australian Strategic Materials Founders and Leadership Team
Contact details for the Australian Strategic Materials team: 1 of 1 has an email address on file.
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Australian Strategic Materials' latest round of $3.4M is above the median round in Natural Resources. Medians cover the last 24 months of disclosed rounds.
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Australian Strategic Materials Funding FAQs
What does Australian Strategic Materials do?
Australian Strategic Materials (ASM) is building a global rare earths and critical minerals business to provide the high-tech metals needed to solve the challenges of today and the future. ASM has its cornerstone rare earths and critical minerals project in Dubbo, Australia, and its flagship high-tech metals plant in Ochang, South Korea. ASM intends to develop the Dubbo Project to produce a range of metal oxides and mixed chlorides. Working in partnership with the Australian Nuclear Science and Technology Organisation (ANSTO), ASM has completed significant successful test work to develop an advanced flowsheet and optimise oxide recoveries. When the Dubbo Project is constructed, the products will be metallised at ASM’s Metals Plants, the first of which is in Ochang, Korea. The Korean Metals Plant opened in 2022, and delivered its first sale of neodymium praseodymium metal in September. The plant’s initial focus is on neodymium products and titanium alloy.
How much funding has Australian Strategic Materials raised?
Australian Strategic Materials has raised $3.4M across 1 round on record. The most recent is an undisclosed round of $3.4M announced in Oct 2024.
When did Australian Strategic Materials last raise funding?
Australian Strategic Materials' most recent funding round on record is an undisclosed round of $3.4M, announced in Oct 2024.
Who founded Australian Strategic Materials?
FundedIQ lists Rowena Smith (Founder) at Australian Strategic Materials.
Where is Australian Strategic Materials headquartered?
Australian Strategic Materials is based in Perth, Western Australia, Australia.
How many employees does Australian Strategic Materials have?
Australian Strategic Materials is in the 11-50 employee band.
How does Australian Strategic Materials' funding compare to other Natural Resources startups?
Australian Strategic Materials' latest round of $3.4M is above the $2.2M median round size for Natural Resources companies on FundedIQ across 620 tracked companies over the last two years.
About FundedIQ's Australian Strategic Materials Funding Data
FundedIQ tracks announced funding rounds and refreshes this profile every week. Round dates, stages and amounts are normalised to a single format, converted to US dollars, and de-duplicated: two records of the same round announced days apart are merged, and two genuinely different rounds are kept apart on the amounts they disclose. Amounts shown are the disclosed figures only — a round announced without a number is listed and excluded from the total rather than estimated.
Employee counts are reported bands, not exact headcounts. Founder and executive names carry the job title on record. Anything we do not hold for Australian Strategic Materials is left off this page rather than filled in.
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