• Advanced acquisition of 49% interest in Thailand hydrometallurgical plant
• Completed Framework Offtake Agreement for monazite feedstock
• Secured $1.0 million strategic investment from Malaco Mining
• Issued shares from HASO options conversion
• Updated Yangibana DFS confirms A$649 million NPV and 34% IRR

Hastings Technology Metals Ltd (ASX:HAS) reported its quarterly activities for the three months ended 30 June 2026, highlighting significant progress in its downstream processing strategy. The company advanced its acquisition of a 49% interest in a hydrometallurgical plant in Thailand, finalized the process flowsheet, and executed a Framework Offtake Agreement for monazite feedstock. Hastings also secured a $1.0 million strategic investment from Malaysian mining group Malaco Mining and issued shares from the conversion of listed options. The company's Yangibana joint venture released an updated Definitive Feasibility Study confirming a pre-tax NPV of approximately A$649 million and an IRR of 34%. Hastings plans to double its Thailand plant capacity to 12,000tpa MREC, with first production targeted for Q1 2027.

Pre-tax NPV of A$649 million, IRR of 34% for Yangibana Stage 1

Hastings aims to provide a clear pathway to production, targeting Q1 2027 for the Thailand plant and continuing to assess funding pathways for Yangibana.