Hastings Technology Metals Limited (HAS) AI Stock Analysis

• Market Cap: AU$60.44M
• Dividend Yield: N/A
• Average Volume (3M): 280.52K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.75
• Revenue Growth: N/A
• EPS Growth: -879.59%
• Country: AU
• Employees: 21
• Sector: Basic Materials
• Sector Strength: 63
• Industry: Industrial Materials
• EPS (TTM): -1.05
• Shares Outstanding: 188,866,130
• 10 Day Avg. Volume: 235,450
• 30 Day Avg. Volume: 280,524
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 0.00
• Price to Cash Flow (P/CF): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: AU$0.25
• Price Target Upside: -21.88% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 2

Hastings Technology Metals Limited faces significant financial challenges, primarily due to its inability to generate revenue and ongoing losses. The bearish technical indicators and negative valuation metrics further exacerbate the situation. Without a clear path to revenue generation, the stock remains risky with a precarious financial outlook.

Hastings Technology Metals Limited Business Overview & Revenue Model

Company Description

Hastings Technology Metals Limited (HAS) is an Australian-based company focused on the exploration and development of rare earth minerals. The company primarily operates in the mining sector, with its flagship project being the Yangibana Rare Earths Project located in Western Australia. Hastings Technology Metals is committed to producing key rare earth elements such as neodymium and praseodymium, which are essential for the manufacturing of permanent magnets used in various high-tech and green technologies.

How the Company Makes Money

Hastings Technology Metals makes money primarily through the exploration, development, and anticipated production of rare earth elements from its mining projects. The company's revenue model is centered around the extraction and sale of critical rare earth minerals, particularly neodymium and praseodymium, which are in high demand for their use in permanent magnets found in electric vehicles, wind turbines, and various electronic devices. Once operational, the Yangibana project is expected to be a significant source of revenue. Additionally, partnerships with end-users and strategic alliances with companies involved in the supply chain of rare earth materials could provide supplementary income streams. These collaborations can facilitate secured off-take agreements, ensuring a stable demand and pricing for its rare earth products.

Hastings Technology Metals Limited Financial Statement Overview

Summary

Hastings Technology Metals Limited is facing significant financial challenges, primarily due to its inability to generate revenue. The company's financial performance is characterized by ongoing losses, high leverage, and liquidity concerns. Without a turnaround in revenue generation, the financial outlook remains precarious.

Income Statement

Hastings Technology Metals Limited has consistently reported zero revenue over the past years, leading to negative gross profit and net income figures. The absence of revenue severely impacts profitability margins such as gross profit margin and net profit margin. Additionally, the company has experienced significant net losses, indicating challenges in achieving profitability.

Balance Sheet

The company has a relatively high debt-to-equity ratio, with total debt increasing significantly over the years. Despite this, the equity ratio is reasonable, suggesting some degree of financial stability. However, the increasing liabilities and decrease in stockholders' equity pose potential risks to financial stability.

Cash Flow

Negative free cash flow and operating cash flow indicate that the company is not generating enough cash from its operations to cover its capital expenditures. The reliance on financing activities to manage cash flow needs highlights potential liquidity issues.

Breakdown
Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020
Income Statement		Total Revenue
0.00	0.00	0.00	―	0.00
	Gross Profit
-657.17K	-420.90K	-374.70K	―	-268.46K
	EBIT
-2.38M	-30.10M	-9.74M	-6.49M	-4.42M
	EBITDA
-3.73M	10.40M	-9.03M	-6.00M	-3.93M
	Net Income Common Stockholders
-33.79M	-10.58M	-9.44M	-6.33M	-4.22M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
17.89M	98.64M	134.87M	110.07M	9.45M
	Total Assets
480.00M	493.42M	298.34M	225.91M	113.87M
	Total Debt
169.30M	134.80M	590.35K	112.19K	324.29K
	Net Debt
151.41M	36.15M	-119.28M	-27.95M	-9.13M
	Total Liabilities
183.59M	178.25M	15.91M	3.98M	3.93M
	Stockholders Equity
296.42M	315.17M	282.43M	221.93M	109.94M
Cash Flow		Free Cash Flow
-99.04M	-134.44M	-43.20M	-15.45M	-25.41M
	Operating Cash Flow
-9.65M	-7.18M	-10.01M	-4.70M	-6.53M
	Investing Cash Flow
-85.43M	-263.25M	34.38M	-92.24M	-17.09M
	Financing Cash Flow
14.36M	249.22M	67.43M	115.56M	14.68M

Hastings Technology Metals Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.32
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:HAS, the sentiment is Negative. The current price of 0.32 is below the 20-day moving average (MA) of 0.33, below the 50-day MA of 0.33, and above the 200-day MA of 0.31, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 46.70 is Neutral, neither overbought nor oversold. The STOCH value of 7.28 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:HAS.

Hastings Technology Metals Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ILU	73 Outperform	$1.72B	7.59	10.39%	1.99%	-9.35%	-32.77%
ALK	67 Neutral	$490.49M	25.90	5.86%	―	10.37%	-39.24%
LYC	59 Neutral	$7.79B	153.13	2.27%	―	-20.07%	-74.91%
Sector *	49 Neutral	$1.95B	-1.21	-21.28%	3.72%	1.18%	-30.47%
ARU	46 Neutral	$468.22M	―	-33.33%	―	―	65.19%
EUR	34 Underperform	$76.99M	―	-237.31%	―	―	-2581.36%
HAS	33 Underperform	AU$60.44M	―	-86.77%	―	―	-879.59%

Hastings Technology Metals Limited Corporate Events

Hastings Partners with Wyloo for Yangibana Project Joint Venture

Hastings Technology Metals Ltd has entered into a strategic partnership with Wyloo through an Unincorporated Joint Venture (UJV) for the Yangibana Rare Earths and Niobium Project. Wyloo will hold a 60% interest and manage the UJV, while Hastings retains a 40% interest. This collaboration aims to provide a credible path to funding and development, potentially creating significant economic opportunities for the Gascoyne region. The agreement includes the cancellation of all Exchangeable Notes owed to Wyloo and early debt repayment, reducing Hastings’ capital costs for its 40% interest. Additionally, Hastings successfully raised $2.6 million through a private placement, and as of March 31, 2025, the company holds $6.6 million in cash and cash equivalents.

Hastings Technology Metals Reports Quarterly Cash Flow with Strategic Investments

Hastings Technology Metals Limited reported its quarterly cash flow, highlighting a net cash outflow from operating and investing activities, while financing activities provided a positive cash inflow. The company experienced significant cash expenditures related to property, plant, and equipment, as well as exploration activities, indicating ongoing investments in its operational capacity. Despite these expenditures, the company managed to secure additional funds through equity securities, suggesting a strategic focus on strengthening its financial position to support future growth.

Hastings Technology Metals Ltd Releases Half-Year Summary for 2024

Hastings Technology Metals Ltd has released its half-year summary for the period ending December 31, 2024, highlighting its ongoing efforts in the Yangibana Rare Earths and Niobium Project. The report underscores the company’s commitment to advancing its mining projects, with a focus on maintaining compliance with the JORC Code for reporting exploration results and mineral resources. The update provides insights into the company’s strategic direction and operational progress, which are crucial for stakeholders interested in the rare earths sector.

Hastings Technology Metals Releases Interim Financial Report

Hastings Technology Metals Ltd has released its consolidated interim financial report for the half year ending December 31, 2024. This report provides stakeholders with insights into the company’s financial performance and operational progress, which are crucial for assessing its market position and future growth potential.

Hastings Technology Metals Cancels Convertible Notes

Hastings Technology Metals Limited announced the cessation of 79,848,403 convertible notes, which were canceled by agreement between the company and the holder. This move could potentially impact the company’s capital structure and financial flexibility, influencing its strategic positioning within the rare earth elements market.

Hastings Advances Yangibana Rare Earths and Niobium Project in Western Australia

Hastings Technology Metals Ltd has issued a release relating to its Yangibana Rare Earths and Niobium Project, emphasizing the significance of this venture in Western Australia. The company highlights the involvement of competent persons in verifying the mineral resources and ore reserves, ensuring compliance with the JORC Code. The announcement signifies Hastings’ commitment to advancing its exploration activities, potentially strengthening its position in the rare earths market, which is crucial for stakeholders including investors and industry partners.

Hastings Partners with Wyloo in Yangibana Project Joint Venture

Hastings Technology Metals Ltd and Wyloo have agreed to form a joint venture for the Yangibana Rare Earths and Niobium Project. Under the terms, Wyloo will hold a 60% interest and act as the manager and operator, while Hastings retains a 40% interest. This partnership significantly reduces Hastings’ financial risk by leveraging Wyloo’s technical and financial strengths, paving the way for project funding and development. The joint venture aims to enhance economic opportunities in the Gascoyne region and increase the project’s contribution to the global supply of critical minerals.