Hastings Technology Metals announced that its subsidiary, HTM Investments, has entered into a share purchase agreement with Wyloo Consolidated Investments Pty. Ltd. and has sold a significant portion of its equity interest in the outstanding common shares of Neo Performance Materials Inc. to Wyloo. Under the terms of the Agreement, the Selling Shareholder disposed of 8,350,311 Common Shares to Wyloo for consideration [...]
Hastings Technology Metals Ltd. is pleased to announce it has entered into a binding term sheet providing for an integrated tolling and offtake arrangement for rare earth concentrate with Baotou Sky Rock Rare Earth New Material Co., Ltd , supporting improved economics for Stage 1 of its 100%-owned Yangibana Rare Earths Project . Binding Term Sheet Details Since the announcement of the Staged Development Study in May 2023 [...]
Hastings Technology Metals Ltd. and Neo Performance Materials Inc are pleased to announce the signing of a non-binding Heads of Agreement, signalling their intention to take an important step forward in a potential strategic partnership between the two companies to strengthen their shared vision for an integrated mine-to-magnet rare earth supply chain. The Agreement outlines the framework for both parties to negotiate a [...]
Australia's next rare earths producer, Hastings Technology Metals Ltd. is pleased to advise that, further to the announcement released to the ASX on 26 August 2022, completion under the Share Purchase Agreement entered into with an affiliate of Oaktree Capital Management L.P. has now occurred and that a wholly-owned subsidiary of Hastings, HTM Investments Pty Ltd. , has acquired 8,974,127 common shares in Neo Performance [...]
PERTH, Australia, Aug. 26, 2022 /CNW/ - Highlights Hastings to acquire a 22.1% strategic shareholding in Neo Performance Materials Inc., a leading global rare earth processing and advanced permanent magnets producer listed on the TSX. The acquisition is intended to be funded by a A$150 million cornerstone investment in Hastings by Wyloo Metals, through the issuance of secured, redeemable, exchangeable notes. The proposed [...]
Aclara Resources Inc. is pleased to release the following open letter to shareholders from Ramon Barua, Aclara's Chief Executive Officer. Dear Shareholders, We are pleased to provide you with an update on the progress of our business. The fundamentals behind our business model remain very strong. Despite rare earth element prices softening due to a market reorganization in China, demand for REE remains solid. For [...]
Australia's next rare earths producer, Hastings Technology Metals Ltd. is pleased to advise that the first results from the 2021-2022 Yangibana Project Resource Definition RC Drilling program have been received. Results for approximately 46% of the samples submitted from the drilling program have now been analysed. Highlights: First results received from the recent 170-hole Resource Definition RC Drilling program [...]
Australia's next rare earths producer Hastings Technology Metals Ltd. is pleased to announce that it has successfully completed its first blast of construction waste material required for the ongoing completion of its early infrastructure works packages, including construction of access roads, airstrip and village accommodation. This is an important milestone in the development of the early works infrastructure and allows [...]
Australia's next rare earths producer, Hastings Technology Metals Ltd. , is pleased to report on exploration and development activities for the three-month period to 31 March 2022. Most of the activity focused on the Company's Yangibana Rare Earths Project in the Gascoyne region of Western Australia. Highlights - Yangibana Post-tax Net Present Value8 increases by 84% to $1,012 million. o Post-tax Internal Rate of Return [...]
Australia's next rare earths producer Hastings Technology Metals Ltd. is pleased to announce that it has received a firm commitment from the Company's largest shareholder, L1 Capital Pty Limited , for a placement of 160,000,000 shares to raise a total of A$40 million . The New Shares will be issued at a price of $0.25 per share, representing a 5.7% discount to the last traded price. The Placement proceeds, along with [...]
The development of Hastings Technology Metals Ltd.'s Yangibana Project continues to ramp up positively, with capital and operating cost reviews close to completion by the end of the period. Revision of detailed supporting documentation for revised capital and operating cost estimates reflecting changes to the project engineering scope as well as general industry increases around labour, consumables, and transportation [...]
Australia's next rare earths producer, Hastings Technology Metals Ltd. is pleased to announce that it has re-activated the Design and Construct contract of the Acid-Bake Rotary Kiln previously awarded to FLSmidth, a global Tier 1 manufacturer of engineering and mining equipment. Highlights - FLSmidth a Danish Tier 1 international processing equipment manufacturer, was awarded the Engineering and Supply package for the [...]
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