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Hastings Technology Metals Ltd (ASX:HAS) Quarterly Activities Report - ABN Newswire (@ABN_Newswire)


Hastings Technology Metals Ltd (ASX:HAS) Quarterly Activities Report
  
Quarterly Activities ReportPerth, July 29, 2021 AEST (ABN Newswire) - Australia s next rare earths producer, Hastings Technology Metals Ltd (
FRA:5AM), is pleased to report on exploration and development activities for the three-month period to 30 June 2021. Most of the activity focused on the Company s Yangibana Rare Earths Project (Yangibana) in the Gascoyne region of Western Australia.
- Hastings completed Tranche Two ($43.5m before costs) of the two-tranche equity placement that raised a total of $100.7 million (before costs), with funds to be used to advance development of the Yangibana Rare Earths Project (Yangibana).
- Hastings announced signing of a major offtake contract for the supply of 70,000 tonnes of Mixed Rare Earth Carbonate (MREC) over a 10-year period to thyssenkrupp Materials Trading GmbH. ....

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SDA preparing to by 150 satellites in next tranche of military space architecture


3 min read
      
The recently formed Space Development Agency is preparing to buy 150 satellites to continue to form a multi-layered system that will deliver data to weapons systems, extend surveillance and support ground systems with critical information.
The large buy of satellites is part of SDA’s “throwing spaghetti against the wall” approach of putting up a high volume of low-cost satellites.
“What our architecture is based on is proliferation and spiral development,” Derek Tournear, SDA director, said Tuesday at a Space Foundation event. “When I say ‘proliferation,’ I mean hundreds of satellites. That is what will give you the persistence and the resiliency that you need. The spiral development will give you the rapid capability and rapid fielding.” ....

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Investegate |US Solar Fund PLC Announcements | US Solar Fund PLC: SIXTH BINDING ACQUISITION AGREEMENT


SIXTH BINDING ACQUISITION AGREEMENT
DC Mount Signal 2
US Solar Fund Plc (
LON:USF (USD) / USFP (GBP)
) is pleased to announce it has executed binding agreements to acquire up to a 50% interest in a 200MW
DC operating solar plant located in the Imperial Valley of Southern California, Mount Signal 2 (MS2, the Project), for a total price of between $44 million and $46 million (the Transaction).
The Transaction is structured in two tranches. Tranche One comprises an immediate acquisition of an initial 25% interest for a fixed price of $23m and is expected to be completed during the first quarter of 2021, subject to customary third-party consents. Tranche Two consists of an option for USF to acquire a further 25% interest for $22m subject to a performance-based adjustment mechanism which can adjust the price upwards or downwards by up to $1m. USF may exercise the Tranche Two option for up to 12 months from Tranche One completion, ....

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