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How Will Hastings and Wyloo’s 60:40 JV Transform the Yangibana Rare Earths Project?
2:22am on Monday 2nd of June, 2025 AEST
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Mining
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How Will Hastings and Wyloo’s 60:40 JV Transform the Yangibana Rare Earths Project?
2:22am on Monday 2nd of June, 2025 AEST
Key Points
Formation of 60:40 unincorporated joint venture between Hastings and Wyloo
Wyloo to manage Yangibana Project and fund its pro-rata share of capital costs
Early redemption of Wyloo-held Exchangeable Notes, reducing Hastings’ debt burden
Hastings retains 40% interest and focuses on Brockman Niobium and Ark Gold projects
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Hastings Technology Metals (ASX:HAS)
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