Hastings Technology Metals has issued shares to raise capital and reported on its environmental, social, and governance (ESG) performance, including health and safety metrics and environmental compliance. The company issued 3,863,889 shares on 27 August 2026 to professional and sophisticated investors, raising approximately $1 million before costs for additional working capital. The company also issued 2,739,726 shares to Malaco Mining Sdn Bhd on 23 June 2026, raising $1 million before costs for working capital and advancement of the Group’s rare earth strategy in Australia and Thailand.
Material actions and disclosures
The Group reported a Total Recordable Injury Frequency Rate of 0.00 throughout the year, indicating no recordable injuries. The Group continues to maintain health, safety, and environmental systems appropriate to its current activities and will work with Wyloo, as manager of the Yangibana joint venture, regarding the systems required for future development and construction activities.
Environmental activities included statutory reporting and compliance monitoring under the Project’s existing approval conditions. Monitoring covered the wastewater treatment plant, reverse osmosis plant, production and monitoring bores, dust, and rehabilitation areas. Annual reporting was completed in accordance with the requirements of the Mine Rehabilitation Fund.
The Directors are not aware of any material breach of applicable environmental requirements during the year.