Hastings Technology Metals Limited
HAS.AX
Australian Securities Exchange0.28
AUD
- -
- -
Hastings Technology Metals Limited
HAS.AX
(Australian Securities Exchange)
Recent
price
0.28
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Similar Companies
- Business
- Hastings Technology Metals Limited Hastings Technology Metals Limited (ASX:HAS) is an Australian rare earths development company focused on advancing its flagship Yangibana Rare Earths and Niobium Project located in Western Australia's Gascoyne region; the company explores and evaluates deposits of neodymium (Nd), praseodymium (Pr), dysprosium, terbium, samarium, niobium, zircon, and heavy rare earths such as yttrium through projects including the fully permitted Yangibana deposit covering 650 square kilometers with a 17-year initial mine life, average life-of-mine NdPr:TREO ratio of 37%, planned Stage 1 production of 37,000 tonnes per annum of mixed rare earth concentrate equivalent to 3,400 tonnes per annum NdPr, and the Brockman project in the East Kimberley region. Headquartered in Perth and founded in 2008, Hastings targets markets in electric vehicles, wind turbines, humanoid robotics, renewable energy, medical applications, and digital devices by supplying critical minerals for permanent magnets (NdFeB) essential to energy transition technologies. The company operates primarily in Australia, a tier-one mining jurisdiction, and holds a strategic 21.5% shareholding in TSX-listed Neo Performance Materials to explore downstream processing and mine-to-magnet supply chains; it maintains strong ESG credentials, ranking in the top five percent by EcoVadis and on Sustainalytics' 2024 top-rated list, with zero lost time injuries and full compliance in native title, environment, and governance. Recent developments include forming a 60-40 joint venture with Wyloo Gascoyne in 2025 under which Wyloo acquired a 60% interest in Yangibana, eliminating Hastings' prior A$135 million debt while retaining operational control at 40%; signing a binding agreement in September 2025 to divest non-core gold assets (Whiteheads Gold Joint Venture, Ark Gold, and Darcy's projects) to Metal Bank Limited, with shareholder approvals pending in November 2025 to sharpen focus on rare earths and niobium; and entering a non-binding Heads of Agreement in October 2025 with Ucore Rare Metals for up to 37,000 tonnes per annum concentrate offtake from Yangibana and a joint study for a Louisiana hydrometallurgical plant to produce mixed rare-earth carbonate, aligning with Australia-US critical minerals initiatives and targeting first production in Q4 2026. Hastings continues to assess hydrometallurgical opportunities to expand the rare earth value chain, with over A$200 million invested to date in de-risking project delivery.
Nasdaq sell-off deepens amid tech 'rotation, not liquidation'
Hastings locks in African feedstock supply, puts Thailand rare earths plant on track for year-end cash flow
Lucid shares fall on capital raise announcement, leadership update
Wells Fargo shares drop on first quarter revenue miss