Skip to content
Oil Mining Resources

Amaero International (ASX: 3DA) Engages Guggenheim Securities to Explore Strategic Financing Alternatives

Amaero International Limited (ASX: 3DA) 2 mins read

ASX-listed Amaero International Limited (ASX: 3DA), a leading Company in high-value refractory, specialty alloy, and Ti-64 powder production for additive manufacturing, is pleased to announce its strategic partnership with Guggenheim Securities, LLC. Amaero has engaged Guggenheim Securities to explore financing alternatives aimed at supporting capital investment for its manufacturing facility located in McDonald, Tennessee.


Amaero is uniquely positioned to take advantage of the growing need to reshore advanced manufacturing and defense production to the United States. With the surge in metal additive manufacturing and the increasing demand for high-temperature materials, the Company is poised for exceptional growth.


The key objectives of this partnership are to complete the fit-out of Amaero's flagship facility in Tennessee, commission the first atomizer, commence powder production, and secure commercial offtake and supply agreements. Amaero estimates that over the next three years, capital expenses will total A$60 million. The financing plan includes a combination of equity and equipment-secured financing, with powder production set to begin in the September 2024 quarter and commercial sales in January 2025, leading to anticipated breakeven operations in CY2025.


Hank Holland, Amaero’s Chairman and CEO, expressed his commitment to maximising shareholder value while positioning the company as the largest and preferred supplier of C-103, specialty alloy, and Ti-64 powder in the United States. He stated, "Amaero has an extraordinary and timely opportunity, given the strategic imperative to reshore critical and strategic advanced manufacturing and defense production to the U.S., the secular growth of additive manufacturing, and the step function demand for high-temperature alloy powders."


Holland emphasised, "As I continue to work closely with the Board to evaluate strategic financing alternatives, the executive leadership team will remain focused on delivering transformative milestones that include completing the fit-out of our flagship facility in Tennessee, commissioning the 1st atomizer, commencing powder production, and securing commercial offtake and supply agreements."


The engagement with Guggenheim Securities will focus on strategic investors and financial sponsors in the U.S., aiming to secure the necessary growth capital to fund Amaero's strategic initiatives while maintaining a strong financial position and maximizing long-term shareholder value.

About us:

Amaero International Limited is an ASX-listed company focused on high-value refractory, specialty alloy, and Ti-64 powder production for additive manufacturing of mission-critical components for the defense, space, and aviation industries.

Contact details:

Jane Morgan


More from this category

  • Government QLD, Oil Mining Resources
  • 12/07/2024
  • 14:28
Mining and Energy Union

Roads front of mind for coal miners approaching QLD election: MEU

The Mining and Energy Union has welcomed a $157 million royalties-funded election commitment for Peak Downs Highway and Dysart-Middlemount Road announced by Labor candidate for Burdekin, Anne Baker. Queensland District President Mitch Hughes said the proposal to strengthen and widen both roads, as well as build overtaking lanes on Peak Downs was a positive first step to fixing the state’s most dangerous highways. The union has been campaigning on this issuedue to the dangers and other difficultieson Peak Downs Highway and other regional roads in and out of mining towns. “Roads will be front of mind for mining communities in…

  • Oil Mining Resources
  • 12/07/2024
  • 10:10
Q2 Metals Corp.

Q2 Metals Updates Private Placement

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES VANCOUVER, BC / ACCESSWIRE / July 11, 2024 / Q2 Metals Corp. (TSXV:QTWO)(OTCQB:QUEXF)(FSE:458) (" Q2 " or the " Company ") is pleased to announce an update to the terms of the non-brokered private placement of units of the Company as announced on July 10, 2024 (the "Offering").The charity flow-through unit portion of the Offering has been updated to reflect an increase in the price of the units being offered from $0.4625 to $0.475 per unit. As such, the charity flow-through unit portion is now…

  • Business Company News, Oil Mining Resources
  • 11/07/2024
  • 11:28
Jane Morgan Management

Arizona Lithium Receives Green Light for Big Sandy Drilling

Perth, Australia – 11 July 2024 – Arizona Lithium Limited (ASX: AZL, AZLO, AZLOA; OTC: AZLAF) (“Arizona Lithium” or “the Company”), is thrilled to announce that the United States Bureau of Land Management (BLM) has granted approval for exploration drilling at its Big Sandy Lithium Project in Arizona, USA. This milestone marks a significant advancement in the Company's efforts to sustainably develop lithium resources in North America. Key Highlights: Approval Received: The BLM has approved the Permit of Exploration (POE) for the Big Sandy Lithium Project. No Appeals Filed: No appeals were lodged during the BLM's 30-day appeal period following…

  • Contains:

Media Outreach made fast, easy, simple.

Feature your press release on Medianet's News Hub every time you distribute with Medianet. Pay per release or save with a subscription.