Hastings Technology Metals

Hastings Technology Metals Limited (ASX: HAS) is a Perth based rare earths company primed to become the world’s next producer of neodymium and praseodymium concentrate (NdPr). NdPr are vital components in the manufacture of permanent magnets used every day in advanced technology products ranging from electric vehicles to wind turbines, robotics, medical applications, digital devices, etc. Located in the Gascoyne and Pilbara regions, Hastings’ flagship Yangibana Rare Earths Project comprises a mine and beneficiation plant at the Yangibana site and a hydrometallurgical plant at Onslow. The project contains one of the most highly valued NdPr deposits in the world with NdPr:TREO ratio of up to 52 per cent in some areas of the orebody, and is permitted for long-life production and with offtake commitments signed and debt finance in advanced stage. In 2022, Hastings acquired a strategic 19.9 per cent shareholding in TSX-listed Neo Performance Metals, a leading global rare earth processing and advanced permanent magnets producer, providing the Company with the opportunity to explore opportunities to create a fully integrated mine-to-magnet business. Hastings also owns and operates the Brockman project, Australia’s largest heavy rare earths deposit, near Halls Creek in the Kimberley.