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Hastings Advances Rare Earths Ambitions with Saudi MOU and Strong Project Progress
6:54pm on Thursday 30th of January, 2025 AEDT
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Mining
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Hastings Advances Rare Earths Ambitions with Saudi MOU and Strong Project Progress
6:54pm on Thursday 30th of January, 2025 AEDT
Key Points
Non-binding MOU signed with Saudi Arabia’s Ministry of Investment under $14 billion GSCRI program
Encouraging niobium recovery test results from Yangibana ore with updated resource estimate planned
Completion of over 20 key long-lead equipment packages reduces future capital expenditure
Raised $5 million via unsecured loan notes from Equator Capital Management
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