
JL Mag invests $7m in Hastings
JL Mag invests $7m in Hastings Chinese JL Mag Rare-Earth will own 9.8% of Hastings (ASX: HAS) as well as a seat on its board following a $7m investment in the company. The investment proceeds will be used to advance the Yangibana rare earths project in WA toward production and supplements the $16m previously raised in April 2024. Hastings has already completed the construction of the mine infrastructure for the Yangibana project. The company plans to complete the project debt funding and start construction of its beneficiation plant in Q4 2024. The plant...









