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Forrest's Wyloo attracted to Hastings and Canadian magnet investment

Deal involves aspiring rare earth producer and magnets producer Neo

Michael Quinn
Yangibana country, WA

Yangibana country, WA

The deal will see Hastings hold a 22.1% stake in Neo, with Wyloo providing the ASX-listed company with A$150 million via convertible notes. Based on Hastings' current capital structure, Wyloo would...

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