** Shares of Hastings Technology Metals HAS.AX rise 12.9% to A$0.35
** Stock hits highest level since mid-July 2024
** The rare-earths developer to form a joint venture with Australian billionaire Andrew Forrest's Wyloo Metals for the Yangibana rare earths and niobium project in Western Australia
** Wyloo will own a 60% stake in the venture and manage and operate the project, while HAS's unit Yangibana Jubilee will hold the remaining stake
** About 1.9 million shares change hands, 19.8x the 30-day average volume
** Stock down 4.6% this year, as of last close
(Reporting by Sherin Sunny in Bengaluru)
((Sherin.Sunny@thomsonreuters.com;))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.