The Forrest's mining arm Wyloo has cemented its majority stake in the Yangibana rare earths project, a transaction which clears the debt owed by Hasting Technology Metals.
Wyloo plans take a majority stake in the Yangibana rare earths project, in a move which would cancel out millions owed to it by Hastings Technology Metals.
Hastings Technology Metals has inked an early-stage deal to assess potentially building a rare earths downstream plant in Saudi Arabia, while maintaining its still looking at its WA option.
Hastings Technology Metals has alleviated the concerns of Andrew Forrest's Wyloo Metals, after the latter filed a default notice against the rare earths developer last week citing solvency fears.
Rare earths aspirant Hastings Technology Metals is considering Saudi Arabia as a potential site to process materials from it Yangibana project in the Gascoyne.
Hastings Technology Metals has undergone a restructuring to manage costs, announcing its chief executive Paul Brown will leave the company at the end of this month.
Western Australian rare earths developer Hastings Technology Metals is looking abroad to eastern Europe to process ore from its mine under construction in the Gascoyne.
Rare earths hopeful Hastings Technology Metals has secured a potential offtake agreement with a Canadian magnet manufacturer for its Yangbiana project in the Gascoyne.
The cost to build Hastings Technology Metals' Yangibana rare earths project has blown out by 44 per cent to $948 million, with the aspiring miner now opting to stage its development to reduce costs.
Hastings Technology Metals has adopted a new construction strategy after dumping DRA Global in favour of GR Engineering for works at the Yangibana rare earths project.
Hastings Technology Metals is hoping to raise up to $110 million to develop its proposed Yangibana rare earths project in Western Australia's Gascoyne region.
Revisions to Hastings' rare earth project have more than doubled its forecast return to $1 billion, but higher labour and commodity prices have run up capital costs by $142 million.
Hastings Technology Metals has received federal government backing to the tune of $140 million to build its Yangibana rare earths project in Western Australia's Gascoyne region.
The federal government has given the environmental all clear for Hastings Technology Metals to build a rare earths processing plant in Western Australia's Gascoyne region.
Mineral sands miner Iluka Resources has started work on three new projects while continuing to assess development of a fully integrated rare earths refinery north of Perth.
Hastings Technology Metals is seeking another $44 million to advance its Yangibana project, just days after receiving $57 million for the same purpose.
Rare earth company Hastings Technology Metals has secured funds from a share placement to progress the construction of its Yangibana joint venture in Western Australia.
