Australia's Hastings Technology gains on funds to boost rare earths strategy

Hastings Technology Metals

23/06/2026 06:04

** Shares of Australia's Hastings Technology Minerals HAS.AX rise as much as 9.2% to A$0.355, heading for its biggest pct gain since April 1
** Rare earths and gold co secures A$1 million ($697,000.00) strategic investment from Malaco Mining, a Malaysian mining firm 
** Investment will be undertaken by the placement of 2.7 million fully paid ordinary shares at an issue price of A$0.365 per share
** HAS says funds will be used for its rare earths strategy in Australia and Thailand
** Stock was on a trading halt since June 18, and resumed trading on June 23
** Stock down nearly 36% YTD


($1 = 1.4347 Australian dollars)

 (Reporting by Shravya Marakini in Bengaluru)
 ((shravya.marakini@thomsonreuters.com))