http://www.hastingstechmetals.com/

Hastings Technology Metals, Level 3, 5 Mill Street, Perth (2026)

22/04/2026

HASTINGS REVEALS THAI HYDROMET PLANT FLOWSHEET, ON-TRACK FOR FIRST MREC PRODUCTION Q4 2026

Hastings is pleased to provide a comprehensive overview of its proprietary caustic-leach hydrometallurgical process flowsheet for its Kabin Buri Hydromet Plant in Thailand. Following the announcement on 14 April 2026 of a Framework Offtake Agreement with Enuo Holdings Pte Ltd for the supply of African Monazite Concentrate, the Company now presents the complete operating model underpinning the pathway to first Mixed Rare Earth Chloride (MREC) flake production, targeted for Q4 CY2026.

The Hydromet Plant represents a decisive strategic step for Hastings, establishing a near-term downstream revenue stream that complements the Company’s flagship Yangibana Rare Earths and Niobium Joint Venture Project in Western Australia, and accelerates Hastings’ transition to a vertically integrated, mine-to-market rare earths producer.

HIGHLIGHTS
✅ Acquisition of the Hydromet Plant currently progressing through due diligence process with target completion date being June 2026.

✅ The Hydromet Plant is advancing toward commissioning at its initial 5,000 tpa nameplate input capacity, with commissioning targeted for completion by June 2026 and first MREC flake production expected in Q4 2026, providing Hastings with a near-term downstream production pathway ahead of Yangibana entering production in due course.

✅ Year 1 revenue is projected at US$53.40M generating estimated pretax profits of US$21.6M (US$10.6M based on Hastings’ 49% interest). (Unaudited management estimates; refer to assumptions in Table 4 below).

✅ Following the planned 5,000 tpa input capacity expansion (estimated cost: US$3M), production scales up to 12,000 tpa MREC output from Year 2, with annual revenue projected at US$106.8M, pretax profits US$43.8M, (Hastings’ 49% = US$21.5M).

✅ Proven seven-stage caustic cracking and hydrochloric acid leaching process converts 5,000 tpa of Monazite Concentrate (≥54% TREO) input into premium-grade MREC flakes at Phase 1 nameplate output volume of 6,000 tpa.

✅ Following the Framework Offtake Agreement with Enuo (announced 14 April 2026) for the supply of African Monazite Concentrate, Hastings now has a complete feedstock-to-product operating model for the Hydromet Plant.

Commenting on the first production of MREC, Chief Executive Officer, Mr Vince Catania, said: “With feedstock secured and a proven seven-stage process ready for commissioning, Hastings is on a clear, near-term path to first MREC production. The Hydromet plant positions us as a genuine midstream participant in the global rare earths supply chain delivering high-purity chloride flake to the world’s leading oxide separators while our flagship Yangibana Joint Venture project advances. This rare earths strategy has been made tangible providing Hastings with a strong near-term cash flow going forward.”

To read the full announcement please click on the link below:
https://api.investi.com.au/api/announcements/has/0f1e1ee9-625.pdf

earth

02/04/2026

Hastings Hydromet Plant - Thailand

Q4 2026. That's when Hastings targets its first MREC production and cash flow.

What makes this timeline credible?
The Thai Plant doesn't need to wait for Yangibana concentrate. Enuo has access to monazite from its own African mining operations — providing an independent commissioning feedstock from day one.

The sequence:
✅ Q2–Q3 2026: Thai Plant commissioned using Enuo’s Africa monazite feedstock
✅ Q4 2026: First MREC production and revenue targeted
✅ 2027 onwards: Wyloo is working closely with Hastings jointly exploring the economic benefits of this processing option for Yangibana

Yangibana remains central to the long-term story — one of the highest-grade NdPr deposits in the world, fully permitted and held in joint venture with Wyloo. The Thai Plant creats the opportunity to accelerate the timeline to get there.

Full announcement:https://api.investi.com.au/api/announcements/has/30a30219-638.pdf

30/03/2026

HASTINGS ACQUIRES HYDROMET PLANT IN THAILAND - NEAR-TERM MREC PRODUCTION HUB ESTABLISHED:

Targeting Q4 CY2026 first production and cash flow using third-party feedstock

This is a decisive step in our strategy to build a capital-efficient rare earth supply chain:
* Fully permitted Hydromet plant, ready for commissioning
* Total consideration capped at US$15M
* Production targeted to commence Q4 2026 using third-party feedstock
* Potential 30,000 tpa of MREC capacity following ramp-up
* Thailand’s a top-tier global container port
* Foreign Direct Investment Incentives: Corporate income tax exemption for 8–13 years; exemption from import duties, VAT for equipment and Flexibility on majority foreign ownership
* US–Thailand Government Critical Minerals Agreement promoting investment of processing of critical minerals within Thailand

Full details in today's ASX announcement:https://api.investi.com.au/api/announcements/has/30a30219-638.pdf

30/01/2026

Hastings Quarterly Activity Report December 2025
✅ Completion of gold asset divestment: The sale of the company’s gold portfolio (Whiteheads, Ark, and Darcy projects) to Metal Bank Ltd (ASX:MBK) was successfully completed on 5 December 2025.
✅ Return of value to shareholders: Following shareholder approval at the AGM, Hastings completed an in-specie distribution of ~160M MBK shares to eligible Hastings shareholders on 8 December 2025, ensuring continued exposure to the exploration and development upside of the gold assets will accrue to Hastings shareholders.
✅ North American supply chain strategy: On 31 October 2025, Hastings, Wyloo and Ucore Rare
Metals Inc. (TSXV:UCU) signed a Heads of Agreement (HoA) to evaluate the supply of Yangibana rare earth concentrate to a proprietary solvent extraction technology (“RapidSX”), designed to separate mixed rare earth carbonate into individual rare earth oxide products in Louisiana, USA.
✅ Yangibana Joint Venture: Integration with Wyloo (JV Manager) is fully effective. Operational
activities focused on optimising the mine plan and progressing early works under the new joint
venture structure.
✅ Corporate streamlining: The divestment of non-core assets has sharpened the Company’s focus on the development of the world-class Yangibana Rare Earths Project.

Read the full announcement here:https://api.investi.com.au/api/announcements/has/4b61f8c0-bc3.pdf

27/01/2026

TECHNICAL SERVICES AND RESEARCH AGREEMENT TARGETS VALUE UPLIFT AT YANGIBANA AND BROCKMAN
Hastings Technology Metals is pleased to announce it has executed a binding Technical Services and Research Agreement with Enuo Holdings Pte Ltd to advance the Company’s Niobium assets.
The study is to provide metallurgical insights for its 100% owned Brockman Niobium Project (”Brockman”) in the Kimberley, in Western Australia, and will examine a process flow to unlocking additional byproduct value from the Yangibana Rare Earths Project joint venture Wyloo.

Chief Executive Officer, Mr Vince Catania, said: “This technical study with Enuo is a strategic step that delivers value to both pillars of our portfolio. For the Yangibana Joint Venture with Wyloo, our primary focus remains the delivery of high-grade NdPr rare earths. However, this test work allows us to rigorously evaluate the potential capture of additional value from the whole basket of our ore body – specifically targeting by-products like niobium, hafnium, and zircon that would otherwise be overlooked.

By leveraging Enuo’s downstream processing expertise, we aim to design a flowsheet that broadens Yangibana’s revenue streams and enhances project economics..
Crucially, the mineralogical insights we gain here are directly transferable. As we unlock metallurgy of niobium at Yangibana, we simultaneously advance the technical and commercial case for our 100%-owned Brockman Project, moving both assets forward via a shared, capital efficient pathway.”

TECHNICAL SERVICES AND RESEARCH AGREEMENT
Under the Agreement, Enuo will provide specialised testing and research services using its existing test facilities in Africa, China and Japan. The program is designed to improve the Company’s understanding of the metallurgical characteristics and behaviour of niobium and other byproducts within the Yangibana and Brockman ore bodies. Results from the test work are expected to provide transferrable learnings relevant to advancing Brockman while also complementing Yangibana’s high grade neodymium and praseodymium (NdPr) rare earths focus.
Enuo will undertake a comprehensive test work program comprising:
✅ Detailed ore composition and mineralogical analysis to characterise niobium and associated by‑products.
✅ Exploratory beneficiation test work, including crushing, milling, flotation and magnetic separation, to determine liberation, selectivity and upgrade potential.
✅ Evaluation of niobium recovery behaviour and processing options, reagent schemes and impurity management to define robust recovery pathways.

READ THE FULL ANNOUCEMENT HERE:https://api.investi.com.au/api/announcements/has/94b6b8c9-84a.pdf

02/10/2025

Hastings CEO Vince Catania had the distinct honour of joining the Australian Trade and Investment Commission (Austrade) Critical Minerals Delegation on a recent visit to Washington DC and New York. The discussions held with the US government, industry leaders, and investors were incredibly productive and reaffirmed the importance of Australian Rare Earth mining companies, like Hastings, in providing security for critical minerals essential for defence, robotics, and everyday technology.

This visit highlighted the vital role Australia can play in meeting the US's critical mineral needs. Our Yangibana Joint Venture Project was a focal point of the discussions, and with our project that is fully permitted with a 294-person camp built, airstrip, access roads, communication towers, and water bores all completed. With all the equipment and long lead equipment procured, for our beneficiation plant and Hydromet plant, the Yangibana JV Project is ready to supply rare earths to the market.

I would like to extend a heartfelt thank you to Austrade for providing this valuable opportunity to showcase our project and engage with key stakeholders. This experience has been instrumental in positioning Hastings as a leader in the critical minerals sector.

Thank you for your continued support.

01/10/2025

The last twelve months has been a transformative year for the Company - one in which we materially advanced the Yangibana Rare Earths and Niobium by entering a strategic partnership with Wyloo creating the Yangibana Joint Venture.

Our focus has been on the following:

✅ Advancing the Yangibana Project
✅ Building Global Strategic Partnerships
✅ Rare Earth Market Dynamics and Strategic Importance
✅ Unlocking Niobium Potential at Yangibana
✅ Diversifying Through Gold Projects
✅ Progressing Brockman – Niobium and Heavy Rare Earths

To read our Annual Report in Full please click on the link below:https://api.investi.com.au/api/announcements/has/e34255c0-7e3.pdf

22/09/2025

The transformational Unincorporated Joint Venture for the Yangibana Rare Earths and Niobium project is now complete. We are proud to officially partner with Wyloo to develop this world class asset. This partnership marks a pivotal moment, creating a clear and significantly de-risked pathway to production. This is more than a transaction; it’s the formation of a powerful alliance to supply the critical minerals essential for the global energy transition. We are excited for the journey ahead.
Read the full ASX announcement here:https://api.investi.com.au/api/announcements/has/75182184-002.pdf

22/09/2025

We are pleased to announce that all conditions precedent for the transaction agreement between Hastings and Wyloo have been satisfied, forming an Unincorporated Joint Venture (UJV) for the Yangibana Rare Earths and Niobium Project.

This transaction provides a clear, credible, and significantly de-risked pathway to production.

Key highlights of the UJV:
✅ Interests: Hastings’ 40%; Wyloo 60%.
✅ Operator: Wyloo is appointed as Manager and operator of the UJV.
✅ Management Committee: initially comprising two representatives from each of Hastings and Wyloo.
✅ Marketing: the parties have entered into a Marketing Agreement, appointing a Wyloo subsidiary as the exclusive marketing manager for all product produced by the UJV. A Marketing Committee, initially comprising two representatives from each of Hastings and Wyloo, is established to oversee marketing activities.
✅ The transaction results in the cancellation in full of the outstanding A$123 million Exchangeable Notes previously held by Wyloo.
✅ Hastings’ residual equity funding requirement at Final Investment Decision for the Stage 1 Beneficiation Plant is currently estimated to be between A$13 and A$32 million (refer below for further details).
✅ Jointly developing a pathway to production, project activities are set to progress towards Final Investment Decision for the Beneficiation Plant, targeting an 18-month construction timeline.

Our CEO, Vince Catania, commented:
"The commencement of the Yangibana Joint Venture is a pivotal moment for Hastings. This partnership with Wyloo validates the world-class nature of the Yangibana deposit and allows us to unlock the immense value of the project for our shareholders while retaining a meaningful 40% stake.”

Read the full announcement here:https://api.investi.com.au/api/announcements/has/75182184-002.pdf

31/07/2025

A transformational milestone for Hastings Technology Metals today. We're delighted to share that the Yangibana Rare Earths and Niobium Project Joint Venture with Wyloo Metals has successfully received shareholder approval.

This definitive step cements our strategic partnership, which is fundamental to de-risking and advancing the Yangibana Project towards production. With the joint venture now formally approved, we're positioned to leverage Wyloo's operational expertise and financial strength, while Hastings maintains a significant interest in the project's future cash flows.

This collaboration is designed to ensure a robust and efficient pathway to developing this critical rare earths asset. Thank you to all our shareholders for their support and trust in our vision. For full details, we invite you to read today's ASX announcement:
https://api.investi.com.au/api/announcements/has/c8990530-8db.pdf

Hastings Technology Metals

22/04/2026

02/04/2026

30/03/2026

30/01/2026

27/01/2026

02/10/2025

01/10/2025

22/09/2025

22/09/2025

31/07/2025

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