Australia's Hastings Technology rises on Wyloo deal, set for best session since April

Hastings Technology Metals

16/05/2025 06:45

** Shares of Hastings Technology Metals HAS.AX rise 6.3% to A$0.34, set for their strongest trading session since April 17, if gains sustain

** The rare-earths developer executes definitive agreement with Australian billionaire Andrew Forrest's Wyloo first announced in February

** Hastings to sell 60% interest in Yangibana rare-earths and niobium project in Western Australia to Wyloo

** As one of the most advanced rare-earths projects in the world, Yangibana will be able to produce concentrate within 18 months from a final investment decision - Wyloo CEO

** Stock marginally down 1.5% YTD, including current session's moves

 (Reporting by Nikita Maria Jino in Bengaluru)

 ((Nikita.Jino@thomsonreuters.com;))