Hastings requests trading halt

Hastings Technology Metals (ASX:HAS) has requested a trading halt on its securities. This halt is due to an upcoming announcement related to a potential funding from the Northern Australia Infrastructure Fund, as reported by the Australian Financial Review. The halt will last until the announcement is released or until normal trading begins on 14 November 2024.

Overview and future outlook

Hastings Technology Metals has initiated a trading halt on its securities as it finalizes an announcement regarding potential funding from the Northern Australia Infrastructure Fund. The halt will remain in effect until the company releases the announcement or until normal trading resumes on 14 November 2024. This step ensures that the company can properly communicate the upcoming news to the market without causing disruption. Hastings is in compliance with ASX listing rule 17.1 and is not aware of any reasons preventing the halt. This move aligns with their strategy to secure and announce significant funding developments efficiently.

Executive commentary on trading halt

The company has stated that the trading halt is essential to finalize an announcement without disrupting the market. They are unaware of any reasons why the halt should not be granted.