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Hastings Snags Rare Earths Plant in Thailand

Published 1 week ago
Description

Hastings Technology Metals secures a 49% stake in a Thai rare earths processing plant for $15M, bypassing Australian construction costs and accelerating cash flow from lucrative neodymium praseodymium ores. The deal includes majority board control, operations handled by Enuo, and potential African feed for a 5,000-tonne annual capacity, with room for expansion to 30,000 tonnes.

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