Hastings Technology Metals Limited (AU:HAS) has released an update.
Hastings Technology Metals Ltd successfully completed a Rights Issue, closing on April 24, 2024, raising $15.88 million by offering new shares and attaching options to eligible shareholders. The company experienced a shortfall of $6.3 million, with the remaining shares and options to be potentially placed at its discretion. This capital raise aims to further develop their Yangibana Rare Earths Project, which is set to become a significant global source of NdPr for advanced technologies.
For further insights into AU:HAS stock, check out TipRanks’ Stock Analysis page.
