Amaero Inc (ASX:3DA) is a global specialist in advanced materials manufacturing for the defence, aerospace and other industrial sectors, developing a critical metals alloy powder manufacturing facility in Tennessee, USA. Amaero has announced it has commissioned its third electrode induction melting gas atomiser (EIGA) ahead of schedule at its Tennessee manufacturing facility, expanding its US production platform across both refractory and titanium alloy powders. The company now has annual production capacity of approximately 200t for refractory alloys and approximately 480t for titanium alloys, making it potentially the largest capacity US domestic producer of spherical refractory and titanium alloy powders. Separately, Amaero has also announced that it has completed its re-domicile to the US with the shares and options schemes now implemented. The company’s Chess Depository Interests (CDIs) commence trading on the ASX on 23 June. The re-domicile positions Amaero for a potential US initial public offering and listing in late CY2026 or early CY2027. Our DCF valuation remains unchanged at $0.72/share. This represents potential capital upside of 162% on the current share price. A -/+15% sensitivity analysis gives us a valuation range of $0.42-$0.93/share (unchanged).
