Global NdPr oxide prices rose 40% during the quarter to reach US$134.22/kg oxide EXW China.
Post quarter prices continue to climb with sellers showing no intention of lowering prices at this stage.
Hastings had $96.0 million in cash and equivalents as at 31 December 2021. The Company also has 126.7 million
listed options on issue (ASX: HASO), which have a strike price of 25c and an expiry date of 12 April 2022. If all
HASO options are exercised, the Company’s cash balance will be supplemented by a further $31.6 million.
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