Critical minerals miners soar as government loans flow
Shares in several critical minerals companies have soared after winning loans from the federal government as part of a push to make Australia a global leader in the massive global shift to clean energy sources and electric vehicles.
In what was marketed as the federal government’s first cash splash in the rare earths sector, Hastings Technology Metals said it had secured a $140 million loan from the Northern Australia Infrastructure Facility (NAIF), paving the way for the development of one of Western Australia’s next major rare earths projects.
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