ASX Announcements
Market Sensitive
Periodic Reports - Other, Issued Capital - Other
- Nov 18, 2024
- 4 pages
Market Sensitive
Funding and Development Update
Debt Facility, Trading Halt Lifted, Progress Report
- Nov 14, 2024
- 5 pages
Yesterday
Forrest hands Hastings a reprieve after chairman capitulates on debt
The billionaire’s private Wyloo Metals business has agreed to withdraw a default notice that would have pushed the rare earths explorer into insolvency.
- Peter Ker
This Month
Forrest’s Wyloo declares solvency concerns over Hastings rare earths
Andrew Forrest’s Wyloo Metals has challenged directors of rare earths aspirant Hastings to explain how their debt-laden company remains solvent.
- Peter Ker
Cash-strapped Hastings yet to draw on taxpayer-funded loan
It’s almost 33 months since the rare earths aspirant was announced as the recipient of millions in taxpayers funds. But the money has never been accessed.
- Peter Ker
Forrest debt feud threatens future of rare earths hopeful Hastings
The West Australian developer took a loan from its chairman, angering its biggest financier, the billionaire businessman’s private mining vehicle.
- Peter Ker
July
China magnet maker nabs stake in Forrest-backed rare earths play
Chinese rare earths heavyweight JL Mag will get 9.8 per cent of Hastings Technology Metals in return for a $7 million investment.
- Brad Thompson
September 2023
EVs to robots: Hastings rare earths boss eyes lithium’s ascent
Former Mineral Resources lithium boss Paul Brown will take charge at Wyloo-backed Hastings Technology Metals with one eye on the rise of robotics.
- Brad Thompson
August 2023
Rare earths boom turns a pile of ‘worthless’ sand into $1.3b
Three decades ago, somebody decided to hoard a worthless pile of sand. Now it’s a billion-dollar stockpile that will help wean Australia off Chinese rare earths.
- Updated
- Peter Ker
July 2023
- Opinion
- Chanticleer
Critical minerals’ $6b cost crisis arrives at the worst possible time
South32 has added to a series of cost blowouts at critical minerals projects that are part of a broader global scramble for materials, labour and skills.
- Updated
- James Thomson
June 2023
Critical minerals stocks are now worth more than gold
The value of major ASX-listed critical minerals stocks has surged to $86.2 billion from $8.6 billion in 10 years and are now more valuable than 25 companies comprising the gold index.
- Peter Ker and Vesna Poljak
May 2023
Hastings shares slide after warning on rare earths project cost jump
The West Australian company’s boss, Alwyn Vorster, says he does not want more government support – but needs money already assigned to be fast-tracked.
- Brad Thompson
‘Ex-China’ premium market emerging for rare earths
The boss of Hastings Technology Metals says a “premium” market is developing for the minerals outside China.
- Jenny Wiggins
January 2023
New rare earths player begins trading with Ellison backing
Aspiring rare earths producer VHM says China deal is just the start of its plans for large-scale mine in rural Victoria.
- Brad Thompson
September 2022
Forrest dives into another mining merger hotspot
Billionaire Andrew Forrest complicated BHP and IGO’s attempts to acquire nickel miners, and now Andrew Forrest has put himself between Newcrest and its most logical takeover target
- Updated
- Peter Ker and Brad Thompson
July 2022
Rare earths play Hastings tipped for $200m equity raise
Macquarie’s sell-side analysts are tipping a $200 million equity raise at listed rare earths play Hastings Technology Metals, after Hastings surprised the market with a strong lender lineup for its Yangibana project this week.
- Anthony Macdonald, Sarah Thompson and Kanika Sood
June 2022
Miners ‘targeted’ in pro-China cyberwar claim
An army of fake social media accounts allegedly tried to incite protests against Lynas Rare Earths as part of a campaign to bolster China’s national interest.
- Peter Ker
February 2022
Cashed-up Lynas may look beyond US if Biden support wanes
Lynas’ plans for a US government-backed refinery remain alive despite Washington funding a rival project this week. But Lynas may go elsewhere if support fails.
- Peter Ker
Iluka closes in on rare earths refinery decision
A plan to build Australia’s first domestic rare earths refinery could be finalised within months and Iluka is encouraged by funding talks with the government.
- Peter Ker
China swoops on Australian rare earths junior
A Chinese investor is poised to buy a strategic stake in ASX-listed rare earths aspirant Peak Rare Earths.
- Peter Ker
Critical minerals miners soar as government loans flow
Shares in critical minerals companies have surged after winning loans from the government as part of a push to capture the growth in EVs and clean energy.
- Michael Bennet
February 2021
Battery rally burnishes AustralianSuper’s graphite bet
Surging electric vehicle sales are boosting battery minerals stocks and have prompted a restart of the Mozambique graphite mine backed by AustralianSuper.
- Peter Ker
