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Rinehart takes stakes in REE projects

Posted on - 13 May 2024

Category - News & Views

Gina Rinehart has continued her flurry of acquisitions in the critical metals space. With the SQM/Hancock acquisition of Azure Minerals completing at the start of May, Hancock Prospecting also moved into the REE space in April. During the month it was reported that Hancock Prospecting has taken a 5.8% stake in Lynas Corp to add to a 6.2% stake in ionic clay developer Brazilian Rare Earths, a 10% stake in hard rock developer Arafura and a 5.3% stake in MP Materials. It may or may not be a coincidence that Lynas disclosed that it has been in merger negotiations with...

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Topics

Arafura Azure Minerals Brazilian Rare Earths Gina Rinehart Hancock Prospecting Lynas Corp MP Materials REE