Hastings Technology Metals Limited (AU:HAS) has released an update.
Hastings Technology Metals Limited is advancing its Yangibana Rare Earths & Niobium Project with significant investments in infrastructure and equipment, reaching 33% project completion. The company is utilizing a Project Loan Note facility to fund further development, while also holding a strategic 21.5% stake in Neo Performance Materials, aiding its vision for a vertically integrated supply chain. Despite a recent notice of default from Wyloo Consolidated, Hastings maintains compliance with financial agreements and continues discussions ahead of note maturity.
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