Hastings Technology Metals rises on financing interest for rare earths plant

Hastings Technology Metals

04/07/2022 05:32

** Shares of Australia's Hastings Technology Metals  HAS.AX 
rise up to 5.4% to A$4.27, their highest since June 20
    ** The rare earths-focused exploration firm says it got
significant interest from different parties for co's debt and
equity financing for the Yangibana rare earths project
 urn:newsml:reuters.com:*:nASX3D57Yb
    ** Some of the funding discussions revolve around the
opportunities emerging for Hastings to participate in downstream
processing facilities in Europe - HAS
    ** Co anticipates the commissioning of the Yangibana plant
to start in late 2024
    ** HAS is well positioned to benefit from supply-chain
disruptions and mounting geopolitical pressures that has led to
higher demand for critical minerals
    ** HAS down 22.1% this year, as of last close

 (Reporting by Savyata Mishra in Bengaluru)
 ((Savyata.mishra@thomsonreuters.com))