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Hastings Advances Thai Hydromet Plant Toward Q4 2026 MREC Production with Strong Cash Flow Outlook

12:32pm on Wednesday 22nd of April, 2026 AEST Materials
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Hastings Advances Thai Hydromet Plant Toward Q4 2026 MREC Production with Strong Cash Flow Outlook

12:32pm on Wednesday 22nd of April, 2026 AEST
Key Points
  • Hydromet Plant commissioning targeted for June 2026 with first MREC output in Q4
  • Year 1 revenue projected at US$53.4M and pretax profit of US$21.6M (49% share)
  • Planned capacity expansion to 12,000 tpa MREC output in Year 2 doubles financial scale
  • Seven-stage caustic-leach process converts African Monazite Concentrate into premium chloride flakes
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