Forrest's Wyloo attracted to Hastings and Canadian magnet investment

ANDREW Forrest’s Wyloo Metals is backing a C$135 million investment by Hastings Technology Metals in a Toronto-listed rare earth processing and advanced permanent magnets producer called Neo Performance Materials.

Forrest's Wyloo attracted to Hastings and Canadian magnet investment Forrest's Wyloo attracted to Hastings and Canadian magnet investment Forrest's Wyloo attracted to Hastings and Canadian magnet investment Forrest's Wyloo attracted to Hastings and Canadian magnet investment Forrest's Wyloo attracted to Hastings and Canadian magnet investment

Yangibana country, WA

The deal will see Hastings hold a 22.1% stake in Neo, with Wyloo providing the ASX-listed company with A$150 million via convertible notes.