http://mailchi.mp/837c0a903228/k3glz64pn5-1553093?e=75b7ec95a3
THIRD OFFTAKE MOU AGREEMENT SIGNED WITH QIANDONG RARE EARTH GROUP
Highlights •Hastings announces its third MOU with Qiandong Rare Earth Group for the future supply of Mixed Rare Earth Carbonate from Hastings’ Yangibana project in Western Australia. •The parties have agreed to enter into discussions to formalise a commercial offtake agreement for Hastings to sell 1,500 tonnes of Mixed Rare Earth Carbonate (MREC) per annum to Qiandong Rare Earth Group. •This third MOU agreement is for a period of three years with an option to extend for two years. •Total of three MOUs signed so far represent approximately 40% of planned MREC annual production from Yangibana. |