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The latest announcement is out from Hastings Technology Metals Limited ( (AU:HAS) ).
Hastings Technology Metals Ltd has entered into a definitive joint venture agreement with Wyloo for the Yangibana Rare Earths and Niobium Project, formalizing a previously announced non-binding term sheet. Under the agreement, Wyloo will hold a 60% interest and act as the manager and operator, with an option to increase its stake to 70%, while Hastings retains a 40% share of revenue and project cash flows. This joint venture is expected to accelerate the project’s development, reduce capital costs for Hastings, and create significant economic opportunities for the Gascoyne region. Additionally, Hastings has executed a conditional binding term sheet to acquire Great Western Gold Pty Ltd, enhancing its portfolio with potential interests in the Whiteheads Gold Project.
The most recent analyst rating on (AU:HAS) stock is a Buy 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 mining industry, focusing on the exploration and development of rare earth elements and niobium. The company is primarily involved in projects such as the Yangibana Rare Earths and Niobium Project, and holds interests in other mineral tenements including the Brockman Heavy Rare Earths Project and Ark Gold tenements.
Average Trading Volume: 218,790
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$55.74M
For detailed information about HAS stock, go to TipRanks’ Stock Analysis page.