Australia's American West Metals gains on royalty funding for Canadian project

American West Metals

23/09/2024 02:02

** Shares of Australia's American West Metals  AW1.AX  rise
as much as 7.1% to A$0.105, their biggest intraday pct gain
since Sept 10 
    ** The minerals explorer signs a formal agreement for A$18.8
mln ($12.81 mln) royalty funding for Storm Copper Project,
located in Canada
    ** Royalty funding allows us to start accessing non-dilutive
funding for Storm Copper Project - AW1
    ** Stock down 27.6% this year, as of 0056 GMT 

    ($1 = 1.4680 Australian dollars)

 (Reporting by Roshan Thomas in Bengaluru)
 ((Roshan.Thomas@thomsonreuters.com))