Hexagon Energy Materials (“Hexagon”) is an Australian listed company (ASX: HXG), based in Perth, Western Australia. The Company’s primary objective is to develop a rare earths refining business utilising state of the art technology such as the RapidSX™ process for the separation of rare earth elements (REE). Hexagon is also exploring for gold, nickel-copper and graphite at exploration properties located in Western Australia.
The business case is predicated on strong demand growth for e-mobility and renewable power enabled by strategically vital REE. This underpins tremendous commercial opportunities in diversifying the global REE supply chain by providing an economically attractive alternative to sending REE to China for processing into rare earth oxides (REOs), the primary source material for rare earth permanent magnets (REPMs) – essential components in electric vehicles, wind turbines and other high-tech devices.