Andrew Forrest's private mining vehicle is now the operator of a half-built rare earths project, having cemented its controlling stake in the deal with Hastings Technology Metals.
The Forrest's mining arm Wyloo has cemented its majority stake in the Yangibana rare earths project, a transaction which clears the debt owed by Hasting Technology Metals.
Wyloo plans take a majority stake in the Yangibana rare earths project, in a move which would cancel out millions owed to it by Hastings Technology Metals.
Hastings Technology Metals has alleviated the concerns of Andrew Forrest's Wyloo Metals, after the latter filed a default notice against the rare earths developer last week citing solvency fears.
A delegation including Tesla, Forrest empire nickel business Wyloo Metals and lithium producer Pilbara Minerals has met with the federal government over a battery metals production tax credit.
Mines Minister Bill Johnston has told a nickel forum in Perth he will continue to lobby for the commodity after it missed out on the federal government's national list of critical minerals.
Wyloo Metals chief executive Luca Giacovazzi says ‘every banker on the street' has pitched an IPO to the Andrew Forrest-owned group, receiving inbound interest since arriving at Diggers & Dealers.
Wyloo Metals has secured the shareholder support it needs to take over nickel player Mincor Resources, in what could prove a key deal for Andrew Forrest's downstream processing ambitions.
An anticipated strategy paper from the federal government outlining a plan to cement Australia's place in the global critical minerals furore has seemingly fallen short of expectations.
Takeover target Mincor Resources could be delisted from the ASX if Wyloo Metals does not achieve the 90 per cent stake needed for a compulsory acquisition.
Maali Group managing director Mitchell Matera was announced as First Amongst Equals at the 40under40 Awards for 2023, taking the top spot ahead of a varied cohort of Western Australia's young business and community leaders.
A 30-hectare site in Kwinana has been earmarked for what is billed to be the first-of-its-kind battery materials facility in Australia, spearheaded by ASX-listed IGO and Andrew Forrest's Wyloo Metals.
Andrew Forrest's Wyloo Metals has lobbed a $760 million cash takeover for restarting nickel player Mincor Resources, using the target's ailing share price in a bid to sway investors.
Aspiring gold producer Greatland Gold has recruited three of the state's most prominent company directors while also attracting Andrew Forrest's Wyloo Metals as its top shareholder.
Andrew Forrest's Wyloo Metals will make its first move into rare earths by backing ASX-listed aspiring producer Hastings Technology Metals for $150 million via a convertible notes arrangement.
Andrew Forrest's Wyloo has agreed to back IGO's $1.1 billion purchase of Western Areas as well as collaborate on nickel downstream processing opportunities under a newly formed partnership.
Former WA attorney general Cheryl Edwardes has become the latest board member set to leave uranium aspirant Vimy Resources, announcing her resignation ahead of the company's closed-door AGM today.
Shareholders may look to seek clarity on the future of uranium hopeful Vimy Resources, with its Mulga Rock project against the clock, a strategic review underway and no permanent CEO at its helm.
Wyloo Metals is the frontrunner to acquire Noront Resources, with the Andrew Forrest-backed outfit set to reel in the Canadian nickel miner over a competing bid from BHP.
Andrew Forrest's Tattarang has struck its third Canadian deal, this time to develop a nickel project in Quebec under a $25.4 million agreement with Orford Mining Corporation.
Our board moves wrap includes Nicholas Ong, ZhaoYa Wang, Brian Leedman, David Cantor, Peter Griffiths, John Welborn, Stuart Gale, Phil Montgomery, Peter Thomas, Mark Pearce, Luca Giacovazzi, and Trevor Benson.
As the chief investment officer at Andrew Forrest's private company, 34-year-old John Hartman oversees a very large, extraordinarily diverse and fast-growing portfolio.
