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    Hastings Technology (ASX:HAS) to raise $100M

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    Rare earths company Hastings Technology Metals has launched a $100 million two-tranche placement for the issue of 22.7 million new shares at an offer price of $4.40 apiece.

    The company is set to raise $67 million in the first tranche, and $33 million in the second tranche.

    The funds will be used to advance the development of the Yangibana rare earths project which remains on track for commissioning in 2024.

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