Original article by Brad Thompson
The Australian Financial Review – Page: 21 : 10-Jul-24

A Hong Kong-based subsidiary of China’s JL Mag Rare-Earth Company will acquire a 9.8 per cent stake in Australian-listed Hastings Technology Metals . JL Mag will receive 19.6 million shares in the rare earths explorer via the $7m investment, while it will also gain a seat on Hastings’ board. Hastings notes that the JL Mag deal is below the threshold for the Foreign Investment Review Board’s current guidelines for investments in the critical minerals sector.

CORPORATES
HASTINGS TECHNOLOGY METALS LIMITED – ASX HAS, JL MAG RARE-EARTH COMPANY LIMITED, AUSTRALIA. FOREIGN INVESTMENT REVIEW BOARD