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Cadence joint venture partner Hastings Technology signs MOU for future sale of rare earths

Hastings Technology Metals is lining up buyers for product from Yangibana

Rare-earths.jpg
Rare earths are likely to be in increasing demand as technology advances

Hastings Technology Metals Limited, which owns 70% of the Yangibana neodymium project in Western Australia has announced its first MOU agreement.

Hastings is partnered at Yangibana by Cadence Minerals Plc (LON: KDNC) (OTC:REMMY), which has a free carry to bankable feasibility.

Hastings Technology and Baotou Sky Rock have agreed to enter discussions to formalise a commercial offtake agreement for Hastings to sell 2,500 tonnes of mixed rare earth carbonate annum to Baotou Sky Rock.

According to Cadence commentary, the signing of this first MOU “reflects the strong level of interest and demand from potential customers and off-take partners in the Yangibana project.”

 

 

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