Strong Investor Support Fuels Amaero's Next Phase of Expansion
Jane Morgan Management
Sydney, Australia – Amaero Ltd (ASX:3DA, OTC: AMROF) (“Amaero” or “the Company”), a leading U.S. domestic producer of high-value refractory and titanium alloy powders for additive and advanced manufacturing of components utilised by the defense, space, and aviation industries, has secured firm commitments to raise A$50 million through an institutional placement, positioning the Company to accelerate key growth initiatives.
The strongly supported placement will see the issue of 125 million new shares at A$0.40 per share. In addition, Amaero will offer up to A$3 million to eligible shareholders under a Share Purchase Plan (SPP) at the same price.
Proceeds will enable Amaero to bring forward strategic investments originally planned for FY2027 and beyond, including the purchase of a fourth atomizer, the design and build of an argon gas recycling unit, and further corporate development initiatives.
Amaero Chairman and CEO, Hank J. Holland, said the funding underscores strong institutional support for Amaero’s long-term strategy:
“Over the past three years, Amaero has been deliberate with its corporate strategy, has made forward leaning capital investments and has been disciplined with its allocation of capital. Prior to this placement, Amaero had raised A$98.5 million over 3+ years and approximately A$70 million resides on the balance sheet in cash and tangible assets. The Board and our leadership team are focused on the long-term opportunity. As we view the re-shoring of sovereign manufacturing and supply chain capabilities as a generational opportunity, we will continue to make thoughtful and well-reasoned investments that differentiate our market position, address the needs of our customers and align with U.S. priority policy initiatives.
We are gratified to have strong support of our existing institutional shareholders and to welcome new institutional investors onto the Amaero register. The Placement allows Amaero to accelerate orders of long lead time capital assets and to build upon the progress to date.”
Amaero has already transitioned to commercialisation following two years of forward-leaning capital investment, with revenue growth now underway. The additional funding builds on the Company’s robust balance sheet, which held approximately A$70 million in cash and tangible assets prior to the raise.
Barrenjoey Markets Pty Limited and Curran & Co Pty Ltd acted as joint lead managers and bookrunners to the placement.
ENDS
About us:
About Amaero
Amaero Ltd (ASX:3DA and OTC:AMROF) is a dual ASX and OTC-listed company with manufacturing and corporate headquarters located in Tennessee, U.S. Amaero is a leading U.S. domestic producer of high-value refractory and titanium alloy powders for additive and advanced manufacturing of components utilised by the defense, space, and aviation industries.
The technical and manufacturing team brings decades of experience and know-how with pioneering work in gas atomization of refractory and titanium alloys. The Company has commissioned advanced gas atomization technology with an industry leading yield of AM powder. The Company is also a leader in PM-HIP (Powder Metallurgy Hot Isostatic Pressing) manufacturing of large, near-net-shape powder parts with forged-equivalent material properties and microstructure for a variety of alloys. PM-HIP manufacturing is helping alleviate the strained domestic supply chain for large scale castings and forgings.
Contact details:
Jane Morgan
Investor & Media Relations
M: +61 405 555 618
[email protected]