Australia's ACDC Metals soars after joining US defence industrial consortium

ACDC Metals

24/09/2026 05:03

** Shares of ACDC Metals ADC.AX surge as much as 19.1% to A$0.050, their highest since May 27
** Stock logs its largest intraday pct gain since October 13, 2025
** Rare earth element explorer says it has been accepted as a member of the US Defense Industrial Base Consortium 
** Consortium provides it with access to a collaborative network of US government agencies, defence prime contractors, others, co says
** ADC says Goschen Central deposit, located in northern Victoria, has potential to supply magnet rare earths, together with zircon and titanium minerals, all of which appear on the U.S. critical minerals list
** YTD, stock down 17.4% 

 (Reporting by Tejas Harish in Bengaluru)
 ((tejas.harish@thomsonreuters.com;))