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Wyloo calls in early on Gascoyne rare earths mine

Summary by The West Australian
Forrest mining offshoot Wyloo Metals has called off a $220m debt arrangement with Hastings Technology Metals in exchange for majority ownership of its half-built rare earths operation in the Gascoyne.

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The West AustralianThe West Australian

Wyloo calls in early on Gascoyne rare earths mine

Forrest mining offshoot Wyloo Metals has called off a $220m debt arrangement with Hastings Technology Metals in exchange for majority ownership of its half-built rare earths operation in the Gascoyne.

·Australia
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Australian Financial ReviewAustralian Financial Review

Andrew Forrest takes control of rare earths mine, magnet maker

While his flagship company Fortescue retreats from hydrogen, Andrew Forrest’s private company has taken control of some rare earths mining and processing assets.

·Sydney, Australia
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Mining MagazineMining Magazine

What are Andrew Forrest’s plans for Yangibana? - Mining Magazine Australia

The Yangibana camp in WA. Image: Hastings Technology MetalsHastings Technology Metals and Andrew Forrest’s Wyloo have locked in a new joint venture (JV) to develop the Yangibana rare earths and niobium project in Western Australia. Yangibana is a rare earths giant nestled in the Gascoyne region that boasts a 20.9 million tonne (Mt) ore reserve. Once up and running Yangibana is tipped to produce over 37,000 tonnes of rare earth concentrates a yea…

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Australian Financial Review broke the news in Sydney, Australia on Thursday, February 20, 2025.
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