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Hastings Technology Metals Limited (ASX:HAS)

ALERT: Price-sensitive ASX Announcement for HAS
Current share price for HAS : $0.285 -0.16 (-35.96%)+
Announcement
Release
30 Apr 2026 5:51PM
Price at Release
$0.445
Full Release
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Summary
Hastings Technology Metals Ltd reported its quarterly activities and Appendix 5B cash flow report for the period ending 31 March 2026. The company experienced a net cash outflow from operations, investing, and financing activities. Key focus areas during the quarter included ongoing developments at the Yangibana Project and the Brockman Rare Earths and Niobium Project. Significant subsequent events involved securing feedstock for the Thailand Hydromet Plant, which is set to commence MREC production in Q4 2026. The company's safety performance remained strong, maintaining a zero injury frequency rate.
Key Points
  • Hastings Technology Metals Ltd reported a net cash outflow from operating activities of $1.3 million for the quarter.
  • Investing activities resulted in a net cash outflow of $1.5 million.
  • Financing activities saw a net outflow of $0.1 million, mainly due to loan and lease repayments.
  • Yangibana Project has been a focus with engineering, mine plan review, and processing pathway development ongoing.
  • The Brockman Rare Earths and Niobium Project continues to progress with test work for niobium recovery.
  • Subsequent events include the securing of African Monazite feedstock and a reveal of the Thai Hydromet Plant process.
  • MREC production is expected to begin in Q4 2026 at the Thailand plant.
  • Hastings maintains a strong safety record with a Total Recordable Injury Frequency Rate of 0.00 for the quarter.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.