Here are 5 ASX Stocks Hancock Prospecting is invested in; and why Gina Rinehart’s company is into rare earths

The list of ASX Stocks Hancock Prospecting is invested in became one member longer the other day, as Gina Rinehart’s company chipped in $22.5m to St George (ASX:SGQ). In our view, this is just as good a time as any to take a look at some of the stocks Hancock Prospecting is invested in. And also why so many of them are rare earths companies.

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Here are 5 ASX Stocks Hancock Prospecting is invested in!

Lynas Rare Earths (ASX:LYC)

Lynas is the largest rare earths producer outside China with its Mt Weld project consisting of a mine and processing facilities. Mt Weld has a Resource of 106.6Mt at an average grade of 4.12% of Total Rare Earth Oxide.

Hancock Prospecting has an 8.2% stake worth ~$1.7bn, a figure that has roughly tripled in 2025. Obviously sentiment in rare earths is heating up and it certainly helps to be one of the world’s largest miners. But Lynas is preparing for a big few years ahead.

Although some investors may still be disappointed the proposed mega-merger with MP Materials did not go ahead, Lynas has taken big steps including commencing construction of a new facility in Texas to supply the US Department of Defence (DOD) and commercial customers in the states

Arafura Rare Earths (ASX:ARU)

Hancock has a 9.2% stake, worth ~$100m in Arafura, the company behind the Nolans project in the NT. Nolans is noteworthy because it’s designed to be an integrated ore‑to‑oxide facility (meaning it mines, separates, and processes rare earths domestically, rather than exporting raw material). It is expected to have a 38 year life and produce 4,440/t NdPr oxide annually – which may not sound like a lot but could generate several hundred million US dollars per annum.

Interest in the company has heated up in recent months as it successfully raised $80m in equity, secured US$775m in debt facilities, sealed binding offtake agreements, edged closer to a Final Investment Decision and obtained $200m from the Australian government’s National Reconstruction Fund Corporation (NRFC).

Liontown Resources (ASX:LTR)

This is probably the most noteworthy Hancock Prospecting stake on this list because there was speculation that it could’ve taken over the whole company. Ultimately this did not happen, but Hancock’s stake remains.

Liontown is a lithium miner that entered production at its Kathleen Valley Project in 2024. It has a current Mineral Resource Estimate of 156Mt at 1.4% lithium and could produce over 500ktpa over a 23-year life of mine. Collapsed lithium prices were not enough to stop the company entering production, or raising $316m in fresh capital during mid-2025…but lithium prices will need to soar to higher levels so the project can be sustainable long-term.

Vulcan Energy (ASX:VUL)

Vuclan is a European-focused company developing ‘zero-carbon lithium’. The model of its Lionheart project is to extract lithium from geothermal brines and use geothermal power for the processing, with the goal of minimising carbon emissions. The first phase of Lionheart is to produce 24,000tpa of lithium hydroxide.

This may not seem like that much, but it is enough for 500,000 battery electric vehicles every year and a subsidiary of Glencore recently became an offtake partner.

In 2024, Hancock invested €12.5m in a €40 capital raising which took its stake to 7.5% at that time and was not the first time Hancock had bought shares in the company at $6.50 per share and while the share price is $7.38, it is unclear where her entire stake stands given shares peaked at $15.90 in 2021.

Delta Lithium (ASX:DLI)

Delta is focused on the Upper Gascoyne Lithium Province. Its key projects is Yinnetharra, a lithium and tantalum project in WA. It also has the Mt Ida project which was prospective for lithium, tantalum and gold, but in a curious move, the company spun out its own gold rights. Hancock owns over 10% of the company and Mineral Resources (ASX:MIN) does too.

Unlike other stocks on this list, Delta has had a torrid time in the last couple of years. Nonetheless, Yinnetharra has an MRE of 21.9Mt @ 1% lithium and 39.4Mt at 102ppm tantalum. Meanwhile, Mt Ida has 14.6Mt at 1.2% lithium and 198ppm tantalum.