Australian company Hastings Technology Metals has signed a memorandum of understanding with the Estonian Investment Agency, according to which the company will explore the possibilities of establishing a rare earths hydrometallurgical plant in Ida-Viru County.
Previously, Hastings has made a strategic investment in Neo Performance Materials Inc., a TSX-listed company with a rare earth separation facility in Sillamae, Estonia, and a rare earth permanent magnet manufacturing plant under construction in Narva. This €200M project is a cornerstone part of EU energy security and green transition. In Estonia, Neo operates Europe’s only operational commercial rare earth separation facility and is set to commence production of rare earth magnets in 2025.
Plant will support circular economics by recycling end-of-life magnets and recovering magnet 'swarf' created in the manufacturing process Phase 1 production of 2,000 tonnes/year is slated to begin in 2025, an
Estonia: Digital Economy Drives Growth | Global Finance Magazine gfmag.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gfmag.com Daily Mail and Mail on Sunday newspapers.
The UNESCO-linked International Research Centre in Artificial Intelligence has released a list of 100 artificial intelligence projects across the world that contribute to UN’s “sustainable development goals”; four projects from Estonia are in the list.