JL Mag Invests in Hastings’ Rare Earths Venture

Hastings Technology Metals Limited (AU:HAS) has released an update.

JL Mag Rare-Earth Co., Limited, a major player in the production of high-performance rare earth permanent magnets, has invested $7 million in Hastings Technology Metals, acquiring a 9.8% stake. This strategic partnership will support the advancement of Hastings’ Yangibana Rare Earths Project in Western Australia. The investment reflects confidence in Hastings’ long-term prospects and will contribute to its goal of starting production in the first half of 2026.

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