26
Aug
12:28
Hastings Technology Metals to acquire 22.1% stake in Neo Performance Materials
Australia-based Wyloo Metals says it is making an AUD 150 million ($104.65m) investment in Australian rare earth developer Hastings Technology Metals Ltd, Kallanish reports.
Wyloo’s investment is in the form of notes, the proceeds of which will be used by Hastings to acquire a 22.1% equity interest in Canada-based Neo Performance Materials from an affiliate of Oaktree Capital Management under a binding share purchase agreement announced by the companies. Has…
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