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The latest update is out from Hastings Technology Metals Limited ( (AU:HAS) ).
Hastings Technology Metals Ltd has completed a significant corporate transaction by forming a joint venture with Wyloo Consolidated Investment Pty Ltd for the Yangibana Rare Earths and Niobium Project. This partnership, with Wyloo holding a 60% interest, aims to de-risk the project’s development and enhance its funding pathway. The company has also elevated its profile in North America, aligning with the US government’s strategy to secure rare earth elements supply from allied nations. Additionally, Hastings is divesting its gold portfolio to focus solely on rare earths and niobium, which is expected to unlock significant value for shareholders.
The most recent analyst rating on (AU:HAS) stock is a Hold with a A$0.28 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 an emerging supplier in the rare earth concentrate industry, focusing on the development and production of rare earths and niobium. The company is sharpening its focus on these materials by divesting its gold assets, positioning itself as a pure-play rare earths and niobium company.
Average Trading Volume: 720,801
Technical Sentiment Signal: Hold
Current Market Cap: A$136.5M
Find detailed analytics on HAS stock on TipRanks’ Stock Analysis page.