HAS hastings technology metals ltd

Ann: Pause in Trading, page-32

  1. 2,524 Posts.
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    Apologies if I've interpreted this incorrectly but has the company's buy out of the 30% in Cadence's holding actually gone through?

    Just looking at the recent ASX announcements. My bolding.

    28th July 2022 - Hastings to acquire the remaining 30% Yangibana joint venture interest from Cadence Minerals Plc.

    4th July 2022 - The recently announced proposed acquisition of the 30% interest in the Yangibana joint venture tenements from Cadence Minerals Plc will add approximately 0.73Mt of Ore Reserves or one (1) year of production to the Yangibana Rare Earths Project. More significantly, it provides significant opportunity to increase the Mineral Resources within the joint venture tenements that are only lightly explored (Refer ASX announcement “Hastings to Acquire 30% Yangibana Joint Venture Interest from Cadence Minerals Plc” dated 23 June 2022)

    23rd June 2022 - Australia’s next rare earths producer Hastings Technology Metals Ltd (ASX: HAS) (Hastings or the Company) is pleased to announce that it has entered into a binding agreement to acquire the 30% interest in the Yangibana rare earth project joint venture tenements currently held by Cadence and its subsidiary Mojito Resources Limited.The interest will be acquired for A$9.0 million to be settled by the issue of fully paid ordinary shares in Hastings at a price to be determined based on 30 days VWAP prior to completion which is set at 6 months from the date of signing of this agreement. - https://www.investi.com.au/api/announcements/has/d838bc29-558.pdf

    HAS (pun intended) this actually gone through?? I can't seem to see evidence that it's finalised, particularly as one month ago it was "to acquire" which suggests not done.

    Would the finalisation of this agreement not be "a material transaction/acquisiton"?
 
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Last
26.0¢
Change
-0.005(1.89%)
Mkt cap ! $49.10M
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7 91403 25.5¢
 

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Price($) Vol. No.
26.0¢ 8051 2
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Last trade - 16.10pm 24/06/2025 (20 minute delay) ?
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