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Hastings raises cash for rare earth project

ASX-listed junior Hastings Technology Metals will raise A$5-million through a share purchase plan (SPP) to fund work at its Yangibana rare earths project, in Western Australia.

Eligible shareholders would be allowed to subscribe for up to A$15 000 of ordinary shares, priced at 8.6c each, with up to 58.13-million shares on offer.