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Hastings Technology Metals Limited ( (AU:HAS) ) has issued an announcement.
Hastings Technology Metals Ltd has entered into a binding transaction agreement with Wyloo Consolidated Investments Pty Ltd to sell a 60% interest in the Yangibana Rare Earths and Niobium Project, forming a 60:40 joint venture. This partnership aims to de-risk project funding and development, potentially bringing economic benefits to the Gascoyne region and Western Australia, while allowing Hastings to focus on other projects. Wyloo will manage the project, and the agreement includes the early redemption of Exchangeable Notes, reducing Hastings’ financial obligations.
The most recent analyst rating on (AU:HAS) stock is a Hold with a A$0.35 price target. To see the full list of analyst forecasts on Hastings Technology Metals Limited stock, see the AU:HAS Stock Forecast page.
More about Hastings Technology Metals Limited
Hastings Technology Metals Ltd is a company operating in the resources industry, primarily focusing on the exploration and development of rare earths and niobium projects. The company is involved in projects located in Western Australia, including the Yangibana Rare Earths and Niobium Project and the Brockman Niobium and Heavy Rare Earths Project.
Average Trading Volume: 284,745
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$61.38M
For detailed information about HAS stock, go to TipRanks’ Stock Analysis page.