Hastings to negotiate offtake deal with Ucore for Yangibana project
Australia's Hastings Technology Metals said on Friday its Yangibana joint venture project in Western Australia has agreed to negotiate for a potential offtake deal with North American rare-earths processing company Ucore Rare Metals.
The Yangibana rare-earths and niobium project is a joint venture with Australian billionaire Andrew Forrest's Wyloo Metals, which holds a 60% stake, and rare-earths developer Hastings, which owns the remaining 40% through its subsidiary, Yangibana Jubilee.
"The joint evaluation of a downstream Hydromet plant in the US demonstrates the efforts by Wyloo, Ucore and Hastings to access the financing and commercial opportunities arising from the recently announced rare-earths deal by the US and Australian governments to jointly support "ready to go" projects," said Hastings CEO Vince Catania.
The potential deal covers up to 37 000 tons a year of Yangibana's high-grade rare-earth concentrate, while both parties assess the feasibility of building a downstream hydrometallurgy plant in Louisiana.
The parties will work towards executing a definitive agreement, which is expected to be finalised after June 2026, Hastings said in a statement.
Shares of the Australian rare-earths developer rose as much as 19.3% to A$0.68, set for their strongest session in more than a week, if the current momentum persists.
Article Enquiry
Email Article
Save Article
To advertise email advertising@creamermedia.co.za or click here
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
            Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
            Receive daily email newsletters
            Access to full search results
            Access archive of magazine back copies
            Access to Projects in Progress
            Access to ONE Research Report of your choice in PDF format
        
Option 2 (equivalent of R375 a month):
            All benefits from Option 1
            PLUS
            Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors 
            including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
        
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
 
                    
                
 
    
















