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Hastings Technology Metals Limited
(Sydney:HAS)
Hastings Technology Metals Limited (HAS) vs. iShares MSCI Australia ETF (EWA)
Hastings Technology Metals Limited Business Overview & Revenue Model
Hastings Technology Metals Limited Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 2.27M | 0.00 | 0.00 | 0.00 | ― |
| Gross Profit | -777.93K | 2.27M | -657.00K | -421.00K | -375.00K | -318.00K |
| EBITDA | -146.45M | -5.01M | 1.97M | 10.40M | -9.03M | -6.00M |
| Net Income | -222.11M | -222.11M | -33.79M | -10.58M | -9.44M | -6.33M |
Balance Sheet | ||||||
| Total Assets | 222.77M | 222.77M | 480.00M | 493.42M | 298.34M | 225.91M |
| Cash, Cash Equivalents and Short-Term Investments | 10.83M | 10.83M | 17.89M | 98.64M | 134.87M | 110.07M |
| Total Debt | 129.17M | 129.17M | 169.30M | 134.80M | 590.35K | 112.19K |
| Total Liabilities | 137.26M | 137.26M | 183.59M | 178.25M | 15.91M | 3.98M |
| Stockholders Equity | 85.51M | 85.51M | 296.42M | 315.17M | 282.43M | 221.93M |
Cash Flow | ||||||
| Free Cash Flow | -26.55K | -24.45M | -99.04M | -134.44M | -43.20M | -15.45M |
| Operating Cash Flow | -8.05K | -5.94M | -9.65M | -7.18M | -10.01M | -4.70M |
| Investing Cash Flow | -19.78M | -19.78M | -85.43M | -263.25M | 34.38M | -92.24M |
| Financing Cash Flow | 8.52M | 8.52M | 14.36M | 249.22M | 67.43M | 115.56M |
Hastings Technology Metals Limited Technical Analysis
Hastings Technology Metals Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
52 Neutral | AU$125.63M | -34.01 | -2.30% | ― | ― | 12.50% | |
52 Neutral | AU$36.51M | -2.65 | -15.13% | ― | ― | 23.60% | |
50 Neutral | AU$368.74M | -37.10 | -27.95% | ― | ― | -43.08% | |
45 Neutral | AU$110.93M | -0.43 | -116.31% | ― | ― | -414.88% | |
43 Neutral | AU$25.77M | -6.28 | -84.97% | ― | -100.00% | 8.51% | |
43 Neutral | AU$41.44M | -6.89 | -13.86% | ― | ― | -12.34% |
Hastings Technology Metals Limited Corporate Events
Hastings Technology Metals has sharpened its strategic focus on rare earths by completing the divestment of its non-core gold assets—Whiteheads, Ark and Darcy—to Metal Bank, and distributing about 160 million Metal Bank shares in-specie to its own shareholders, delivering a value uplift and direct exposure to the future performance of those projects under specialised management. During the December quarter, the company advanced integration of its Yangibana Rare Earths Project under joint venture partner and operator Wyloo, progressed detailed engineering and early works, and entered into a Heads of Agreement with Wyloo and Ucore Rare Metals to evaluate a North American mine-to-magnet supply chain via Ucore’s planned processing facility in Louisiana, positioning Hastings to diversify offtake channels into the US magnet materials market while streamlining its portfolio and governance through associated management changes.
The most recent analyst rating on (AU:HAS) stock is a Hold with a A$0.65 price target. To see the full list of analyst forecasts on Hastings Technology Metals Limited stock, see the AU:HAS Stock Forecast page.
Hastings Technology Metals has signed a binding Technical Services and Research Agreement with Enuo Holdings to conduct targeted metallurgical and beneficiation test work on ore from its Yangibana and Brockman projects, aiming to better understand and recover niobium and other by-products alongside Yangibana’s core NdPr rare earth production. Using Enuo’s processing facilities and expertise in Africa, China and Japan, the program will examine ore composition, flotation behaviour, reagent regimes and product recovery routes to design an integrated flowsheet that improves by-product recovery, broadens Hastings’ product slate, and supports the potential shipment of beneficiated material to overseas processors. The company expects the work to strengthen the economics of the Yangibana joint venture by unlocking additional revenue streams and to advance the technical and commercial case for the Brockman project via shared, capital-efficient metallurgical insights, ultimately enhancing Hastings’ positioning in critical minerals markets such as niobium, hafnium and zircon.
The most recent analyst rating on (AU:HAS) stock is a Sell with a A$0.61 price target. To see the full list of analyst forecasts on Hastings Technology Metals Limited stock, see the AU:HAS Stock Forecast page.
Hastings Technology Metals Limited has completed the in-specie distribution of Metal Bank Limited shares to its shareholders following the divestment of its gold assets. This strategic move aligns with Hastings’ focus on its core rare earths business, potentially enhancing its market position by concentrating resources on the Yangibana Project, which is poised to become a significant global source of NdPr.
The most recent analyst rating on (AU:HAS) stock is a Hold with a A$0.55 price target. To see the full list of analyst forecasts on Hastings Technology Metals Limited stock, see the AU:HAS Stock Forecast page.
Hastings Technology Metals Limited announced a change in the director’s interest, with Guy Robertson acquiring 500,000 unlisted options with an exercise price of $1, set to expire on December 8, 2028. This acquisition, approved by shareholders at the AGM, reflects the company’s strategic decisions to align director interests with long-term company goals, potentially impacting its market positioning and stakeholder confidence.
The most recent analyst rating on (AU:HAS) stock is a Hold with a A$0.55 price target. To see the full list of analyst forecasts on Hastings Technology Metals Limited stock, see the AU:HAS Stock Forecast page.
Hastings Technology Metals Limited announced the issuance of 1,500,000 unlisted options, set to be issued on December 8, 2025. This move could potentially enhance the company’s financial flexibility and support its strategic initiatives in the rare earth elements market, which is crucial for stakeholders interested in the company’s growth and market positioning.
The most recent analyst rating on (AU:HAS) stock is a Hold with a A$0.55 price target. To see the full list of analyst forecasts on Hastings Technology Metals Limited stock, see the AU:HAS Stock Forecast page.
Hastings Technology Metals Ltd has announced a change in its auditing firm, with PriceWaterhouseCoopers resigning and RSM Australia Partners being appointed as the new auditor. This change follows a tender process and is part of the company’s ongoing efforts to ensure effective financial oversight. The appointment of a new auditor is expected to support Hastings’ strategic focus on developing its Yangibana Project, which is poised to become a significant global source of rare earth elements, crucial for the burgeoning electric vehicle and renewable energy sectors.
The most recent analyst rating on (AU:HAS) stock is a Hold with a A$0.55 price target. To see the full list of analyst forecasts on Hastings Technology Metals Limited stock, see the AU:HAS Stock Forecast page.
Hastings Technology Metals Limited has issued a total of 1,517,259 shares, with 1,017,259 shares allocated to Chairman Charles Lew and 500,000 shares under the Employee Incentive Plan. This move, approved by shareholders, aligns with the company’s compliance with relevant corporate regulations and aims to strengthen its operational framework.
The most recent analyst rating on (AU:HAS) stock is a Hold with a A$0.55 price target. To see the full list of analyst forecasts on Hastings Technology Metals Limited stock, see the AU:HAS Stock Forecast page.
Hastings Technology Metals Limited announced the issuance of 500,000 ordinary fully paid securities, which will be quoted on the ASX. This move, part of an employee incentive scheme, is expected to enhance the company’s capital structure and potentially improve its market positioning by aligning employee interests with shareholder value.
The most recent analyst rating on (AU:HAS) stock is a Hold with a A$0.55 price target. To see the full list of analyst forecasts on Hastings Technology Metals Limited stock, see the AU:HAS Stock Forecast page.
Hastings Technology Metals Limited has announced the quotation of 4,063 fully paid ordinary securities on the Australian Securities Exchange (ASX) as of December 1, 2025. This move is part of the company’s ongoing efforts to enhance its financial flexibility and strengthen its market position within the rare earth metals sector.
The most recent analyst rating on (AU:HAS) stock is a Hold with a A$0.55 price target. To see the full list of analyst forecasts on Hastings Technology Metals Limited stock, see the AU:HAS Stock Forecast page.
Metal Bank Limited (MBK) has announced the completion of its acquisition of Hastings Technology Metals Ltd’s gold assets, set for December 5, 2025. This strategic move includes the acquisition of the Great Western Gold Pty Ltd, Ark Gold Pty Ltd, and Darcy’s gold project, expanding MBK’s presence in Western Australia’s gold mining sector. Tim Gilbert has been appointed as the new CEO of MBK, bringing extensive experience in mining operations, which aligns with MBK’s strategy to transition from an explorer to a miner. The acquisition and leadership changes are expected to enhance MBK’s operational capabilities and support its growth ambitions in the gold market.
The most recent analyst rating on (AU:HAS) stock is a Hold with a A$0.55 price target. To see the full list of analyst forecasts on Hastings Technology Metals Limited stock, see the AU:HAS Stock Forecast page.
Hastings Technology Metals Ltd has received shareholder approval for the in-specie distribution of Metal Bank (MBK) Consideration Shares related to the divestment of its gold assets. The completion of this divestment is scheduled for December 5, 2025, marking a strategic move to provide shareholders with liquidity and investment opportunities in both rare earth and gold resources. Tim Gilbert has been appointed as CEO of MBK, and Charles Lew will join the MBK Board as a non-executive director, indicating a strengthened leadership team post-divestment.
The most recent analyst rating on (AU:HAS) stock is a Hold with a A$0.55 price target. To see the full list of analyst forecasts on Hastings Technology Metals Limited stock, see the AU:HAS Stock Forecast page.
Hastings Technology Metals Limited announced that all resolutions proposed at its Annual General Meeting were successfully passed. This outcome reflects strong shareholder support and positions the company to continue its strategic initiatives, potentially enhancing its market position in the rare earth metals industry.
The most recent analyst rating on (AU:HAS) stock is a Hold with a A$0.55 price target. To see the full list of analyst forecasts on Hastings Technology Metals Limited stock, see the AU:HAS Stock Forecast page.
Hastings Technology Metals Limited announced that all resolutions proposed at their Annual General Meeting were successfully passed. This outcome reflects strong shareholder support and positions the company to continue its strategic initiatives, potentially enhancing its market presence and operational capabilities in the rare earth elements sector.
The most recent analyst rating on (AU:HAS) stock is a Hold with a A$0.55 price target. To see the full list of analyst forecasts on Hastings Technology Metals Limited stock, see the AU:HAS Stock Forecast page.
Hastings Technology Metals Ltd announced its growth plans for the development of gold assets in collaboration with Metal Bank Limited, following shareholder approval. This strategic move is expected to enhance Hastings’ position in the market by diversifying its portfolio and potentially increasing its revenue streams, benefiting stakeholders and strengthening its industry presence.
The most recent analyst rating on (AU:HAS) stock is a Hold with a A$0.55 price target. To see the full list of analyst forecasts on Hastings Technology Metals Limited stock, see the AU:HAS Stock Forecast page.
Hastings Technology Metals Ltd has announced successful drilling results at the Seven Leaders prospect within the Whiteheads Gold Project, confirming high-grade gold mineralization. The drilling program, which is the first since 2019, has demonstrated strong near-surface mineralization over a 250-meter strike, supporting the development of a Maiden Resource Estimate expected in December 2025. Metal Bank Limited (MBK) is set to acquire the Whiteheads Gold Project from Hastings, pending shareholder approval, as part of its strategy to transition from a junior exploration company to a mid-tier mining company. The acquisition is expected to enhance MBK’s gold production capabilities and contribute to its transformation strategy.
The most recent analyst rating on (AU:HAS) stock is a Hold with a A$0.55 price target. To see the full list of analyst forecasts on Hastings Technology Metals Limited stock, see the AU:HAS Stock Forecast page.
Hastings Technology Metals Ltd has announced successful drilling results at the Seven Leaders prospect within the Whiteheads gold project, confirming high-grade gold mineralization over a 250-meter strike. The recent drilling program, which included 32 holes, has shown stronger gold grades and thicknesses than historical data, supporting ongoing geological modeling and resource estimation efforts. The company is preparing a maiden Mineral Resource Estimate, expected in December, which could enhance its industry positioning and offer significant implications for stakeholders.
The most recent analyst rating on (AU:HAS) stock is a Hold with a A$0.55 price target. To see the full list of analyst forecasts on Hastings Technology Metals Limited stock, see the AU:HAS Stock Forecast page.
Hastings Technology Metals Limited has announced a return of capital to its shareholders through an in specie distribution of securities in another entity. This move is part of the company’s strategic financial management, potentially impacting its capital structure and shareholder value. The distribution indicates a focus on optimizing shareholder returns and may influence the company’s market positioning by reallocating resources to enhance operational efficiency.
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.
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.
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.