• Completion of gold asset divestment
• Return of value to shareholders
• North American supply chain strategy
• Yangibana Joint Venture integration
• Corporate streamlining

Hastings Technology Metals Ltd (ASX:HAS) has presented its Quarterly Activities Report for the three-month period ended 31 December 2025. Key highlights include the completion of the sale of the company's gold portfolio to Metal Bank Ltd, the return of value to shareholders through an in-specie distribution of MBK shares, the signing of a Heads of Agreement with Wyloo and Ucore Rare Metals Inc. to evaluate the supply of Yangibana rare earth concentrate to a processing facility in Louisiana, USA, the full integration of the Yangibana Project management under Wyloo as the appointed Manager and Operator, and the company's focus on the development of the Yangibana Rare Earths Project. The report also covers financial and corporate updates, including the finalisation of the Wyloo JV payment, the divestment of the company's remaining shareholding in Neo Performance Materials Inc., and management changes.

The company expects the outlook for NdPr to remain robust, with prices continuing to rise due to continued upward pressure as global magnet production capacity expands. Niobium is expected to continue demonstrating its characteristic price stability, providing a dependable revenue floor for the Yangibana Project.

The company is focused on the development of the world-class Yangibana Rare Earths Project, which is expected to become a globally significant source of NdPr, a critical component in the manufacture of permanent magnets used in advanced technology products. The project is fully permitted for immediate development and is well-timed to meet the forecast supply gap for rare earth elements accelerated by the growth in electric vehicles and wind turbines.