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Hastings highlights REE offtake backing from Neo deal

HASTINGS Technology Metals has shown it is working on adding to its financing bona fides and strategic aspirations by unveiling a non-binding agreement for rare earth concentrate offtake with Toronto-based Neo, claimed to be a global leader in the manufacture of rare earth magnetic powders and neodymium-bonded magnets.

Michael Quinn
Yangibana, WA

Yangibana, WA

The Andrew Forrest (via Wyloo Metals)-backed Hastings, which has a 19.9% stake in Neo, says it will supply up to 25,000 tonnes per annum of concentrate from the planned Yangibana in 2025, to be followed...

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