Hastings Technology Metals advises that the take up by underwriters of the shortfall shares under the fully underwritten non-renounceable rights issue announced on 2 February 2018 is now complete. The rights issue raised approximately $12.2 million before costs. A summary of shares on issue following completion of the issue of shares to underwriters is as follows [...]
Hastings Technology Metals submit the financial report of the Group consisting of Hastings Technology Metals and the entities it controlled during the half-year ended 31 December 2017. In accordance with the provisions of the Corporations Act 2001. Yangibana Project JORC Resources Following the completion of the 2017 exploration drilling programme at the Yangibana Project, an updated JORC Resource estimate was completed [...]
Hastings Technology Metals's is pleased to advise that it has signed a major non- binding offtake Memorandum of Understanding with thyssenkrupp Raw Materials GmbH. Under the MOU the parties have outlined their intent to enter into a binding commercial offtake agreement for the sale and purchase of Mixed Rare Earth Carbonate , which will be produced from Yangibana, Western Australia. The framework for the commercial [...]
Hastings Technology Metals provides the Rights Issue Offer Document and Entitlement Form. For a non-renounceable pro rata offer to Eligible Shareholders of approximately 39,481,260 Rights Issue Shares at an issue price of $0.31 per Share on the basis of 1 Rights Issue Share for every 17 Shares held to raise approximately $12.2 million before issue costs. The Offer is fully underwritten. See section 9.4 for details. To [...]
Sydney, Australia - On 2nd February 2018 Hastings Technology Metals Ltd. announced a fully underwritten non-renounceable pro rata offer to shareholders with a registered address in Australia or New Zealand of 1 fully paid ordinary share for every 17 existing shares held as at 7:00pm on 7th February 2018 , at an issue price of $0.31 per new share to raise approximately $12.2 million . - FULLY UNDERWRITTEN NON-RENOUNCEABLE [...]
Sydney, Australia - On 2nd February 2018 Hastings Technology Metals Ltd. announced a fully underwritten non-renounceable pro rata offer to shareholders with a registered address in Australia or New Zealand of 1 fully paid ordinary share for every 17 existing shares held as at 7:00pm on 7th February 2018 , at an issue price of $0.31 per new share to raise approximately $12.2 million . Attached is the Company's announcement [...]
Hastings Technology Metals is pleased to announce that, following significant interest from its shareholders and growing base of overseas shareholders, it has decided to restructure the $12 million capital raising announced on 30 January 2018 from a shareholder purchase plan to a non-renounceable rights issue of 1 new Hastings ordinary share for every 17 Hastings ordinary shares held . - 1 for 17 non-renounceable rights [...]
Hastings Technology Metals is pleased to offer eligible shareholders the opportunity to participate in the Hastings 2018 Share Purchase Plan to raise $12 million. Eligible shareholders are those who are registered holders of ordinary shares in the Company as at 7.00pm AEST on 29 January 2018 resident in Australia or New Zealand. After an exceptional year in 2017 our Executive Chairman, Charles Lew commented "In 2017 [...]
Hastings Technology provides the Company's Quarterly Activities Report. - Definitive Feasibility Study completed for the Yangibana Rare Earths Project - Initial operating life of 8 years provides NPV of $466m, IRR of 78% and a payback period of 2.3 years - First Probable Reserves estimated at 5.16mt at 1.12% TREO including 0.45% Nd2O3+Pr6O11 - Latest JORC Resources total 21.00mt at 1.17% TREO including 0.40% Nd2O3+Pr6O11 [...]
Sydney, Australia - Hastings Technology Metals Ltd. provides the Company's latest Investor Presentation. Hastings Equity Statistics Steady growth in market cap since Jan 2014 - Market Cap ~ A$ 230m - ~ 1200 Shareholders - +55% in 2017 - Top 10 shareholders owns 70% - A$ 46m raised since 2014 - Zero Debt Definitive Feasibility Study - Yangibana Independent Study by Wave International and Snowden - JORC resource of 21m [...]
Hastings Technology Metals is pleased to announce the release of its Definitive Feasibility Study for the Yangibana Rare Earths Project in Western Australia. The Project will produce a Mixed Rare Earths Carbonate rich in Neodymium and Praseodymium , critical materials used in the manufacture of permanent magnets, which are found in electrical components of many new technology products, from electric vehicles , renewable [...]
Hastings Technology Metals advises that the final JORC Resource Estimate for 2017 has been completed establishing total resources of 21.0 million tonnes at 1.17% Total Rare Earths Oxides including 0.4% neodymium oxide plus praseodymium oxide . These figures include the first Indicated Resources at Auer and expanded Indicated Resources at Auer North from the final drilling results of the 2017 drilling programme. HIGHLIGHTS [...]
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