Billionaire Andrew Forrest's Wyloo joins hands with Hastings over rare earths project

Hastings Technology Metals

20/02/2025 01:39

Feb 20 (Reuters) - Australian billionaire Andrew
Forrest's Wyloo Metals and rare-earths developer Hastings
Technology Metals  HAS.AX  will form a joint venture for the
Yangibana rare earths and niobium project in Western Australia,
the parties said on Thursday.
    Private mining group Wyloo will own a 60% stake in the
venture and manage and operate the project, while Hastings'
subsidiary Yangibana Jubilee will hold the remaining stake. 
    
    

 (Reporting by Sameer Manekar in Bengaluru; Editing by Sherry
Jacob-Phillips)
 ((Sameer.Manekar@thomsonreuters.com; Twitter: https://twitter.com/sameer_manekar))