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Hastings Technology Metals Limited ( (AU:HAS) ) just unveiled an announcement.
Hastings Technology Metals Ltd and Wyloo have agreed to form a joint venture for the Yangibana Rare Earths and Niobium Project. Under the terms, Wyloo will hold a 60% interest and act as the manager and operator, while Hastings retains a 40% interest. This partnership significantly reduces Hastings’ financial risk by leveraging Wyloo’s technical and financial strengths, paving the way for project funding and development. The joint venture aims to enhance economic opportunities in the Gascoyne region and increase the project’s contribution to the global supply of critical minerals.
More about Hastings Technology Metals Limited
Hastings Technology Metals Limited operates in the mining industry, focusing on the production of rare earth elements and niobium. The company is involved in developing projects that aim to supply critical minerals essential for various technological and energy applications.
YTD Price Performance: -3.12%
Average Trading Volume: 177,953
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$56.23M
See more insights into HAS stock on TipRanks’ Stock Analysis page.
