Hastings Technology Metals Limited (ASX:HAS)

ALERT: Price-sensitive ASX Announcement for HAS

Current share price for HAS : $0.230 -0.055 (-19.30%)⁺

Announcement

Quarterly Activities/Appendix 5B Cash Flow Report

Release

24 Jul 2026 2:11PM

Price at Release

$0.285

Full Release

Summary

Hastings Technology Metals Limited reported financials for the quarter ending 30 June 2026, with a cash balance of A$3.76 million. The company experienced a net cash outflow from operating activities of A$1.13 million and a net cash outflow from investing activities of A$845k, primarily in property and exploration. Financing activities contributed A$3.757 million due to equity securities and exercised options. Payments to related parties amounted to A$142k for director-related fees. A strategic financial arrangement was established with Equator Capital Management Ltd for a $5 million unsecured loan, fully drawn during the quarter. Hastings maintains a 40% stake in the Yangibana Project, which has significant infrastructural assets in place, and completed a strategic investment with Malaco Mining. The company emphasized safety with no recorded injuries during the quarter.

Key Points

Hastings Technology Metals Limited reported a cash balance of A$3.76M at the end of the quarter.
Net cash used in operating activities was A$1.13M.
Net cash used in investing activities was A$845k, with investments including property and exploration.
Net cash from financing activities was A$3.757M, largely from equity securities and option exercises.
A$142k was paid to related parties for director fees and consultancy.
A $5 million senior unsecured Project Loan Notes facility was entered with Equator Capital Management Ltd.
Yangibana Project holds a 40% interest by Hastings, with infrastructure investments over A$160M.
The company completed a strategic investment placement of A$1 million with Malaco Mining Sdn Bhd.
Zero Total Recordable Injury Frequency Rate was maintained 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.