PERTH, Australia, Feb. 19, 2025 /CNW/ - Wyloo has entered into exclusive negotiations with Hastings Technology Metals Ltd (Hastings) (ASX: HAS) regarding the formation of an Unincorporated Joint ...

Billionaire Andrew Forrest’s Wyloo has entered into exclusive negotiations with ASX-listed Hastings Technology Metals to establish an unincorporated joint venture (JV) for the Yangibana rare ...

Australian tycoon Andrew Forrest’s Wyloo has agreed to form an unincorporated joint venture with Hastings Technology Metals (ASX: HAS) for the Yangibana rare earths and niobium project in ...

Hastings’ price tag for developing Yangibana was $474m, with some $158m of that spent up until December 31. Wyloo will take the reins as manager of the project and has an option to increase its ...

PERTH, Australia, Feb. 19, 2025 /CNW/ - Wyloo has entered into exclusive negotiations with Hastings Technology Metals Ltd (Hastings) (ASX: HAS) regarding the formation of an Unincorporated Joint ...

By applying a notional price of $115m for a 60pc stake in the project, Wyloo appears to have recognised the embedded value of the project built by Hastings - a company with a market capitalisation ...

It also means Wyloo has taken control of Hastings’ assets at a much cheaper price than if it had launched a takeover bid for the company when it loaned money to Hastings in August 2022.

Don't miss out on the headlines from Opinion. Followed categories will be added to My News. Victorians — indeed most Australians — have had a gutful of these after-dark cowards destroying our ...