Australian Strategic Materials Limited announced that it has signed a Joint Statement of Cooperation with the Korean Mine Rehabilitation and Resource Corporation, the renamed Korean Resources Corporation, to enable the supply of critical minerals and metals into Korea. Under the Joint Statement of Cooperation, ASM and KOMIR have agreed to work together to expand the use of rare earths and critical metals in Korea and develop import opportunities that will secure the supply of these metals for Korean industry. The key areas contemplated for cooperation under the Joint Statement of Cooperation include: Importation of rare-earth products into Korea, including for strategic stockpiling. Supplying ASM with rare-earth products to enable Korean domestic production of rare-earth magnet feed metal at ASM's Korean Metals Plant.