Quarterly Activities ReportPerth, July 29, 2021 AEST (ABN Newswire) - Australia's next rare earths producer, Hastings Technology Metals Ltd (
FRA:5AM), is pleased to report on exploration and development activities for the three-month period to 30 June 2021. Most of the activity focused on the Company's Yangibana Rare Earths Project (Yangibana) in the Gascoyne region of Western Australia.
- Hastings completed Tranche Two ($43.5m before costs) of the two-tranche equity placement that raised a total of $100.7 million (before costs), with funds to be used to advance development of the Yangibana Rare Earths Project (Yangibana).
- Hastings announced signing of a major offtake contract for the supply of 70,000 tonnes of Mixed Rare Earth Carbonate (MREC) over a 10-year period to thyssenkrupp Materials Trading GmbH.