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An announcement from Hastings Technology Metals Limited ( (AU:HAS) ) is now available.
Hastings Technology Metals Ltd and its joint venture partner Wyloo Gascoyne Pty Ltd have signed a non-binding Heads of Agreement with Ucore Rare Metals Inc. to advance rare earth processing in the United States. This agreement aims to establish a long-term offtake agreement for supplying up to 37,000 tonnes per annum of rare earth concentrate to Ucore and explore the feasibility of setting up a hydrometallurgy plant in Louisiana. This partnership aligns with the US-Australia Framework for securing supply in critical minerals and rare earths, positioning the Yangibana Project as a significant supplier in a resilient supply chain, and strengthening Australia’s role in the global rare earth market.
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 a company in the mining industry, focusing on the production and supply of rare earth materials. It is involved in the Yangibana Project, which is a significant rare earth project in Australia, aimed at supplying high-grade rare earth concentrates.
Average Trading Volume: 720,801
Technical Sentiment Signal: Buy
Current Market Cap: A$136.5M
For a thorough assessment of HAS stock, go to TipRanks’ Stock Analysis page.