Australia's Ark Mines soars to 2-year high on securing investment for Sandy Mitchell project

ARK Mines

25/08/2025 06:32

** Shares of Ark Mines AHK.AX rise as much as 78.4% to A$0.330, their highest level since July 2023

** The rare earths miner receives a A$4.5 million ($2.92 million) investment from the Queensland Investment Corporation Critical Minerals and Battery Technology Fund

** Fund managed by the Queensland Investment Corporation, which is owned by the Queensland government

** Investment to advance development at the Sandy Mitchell Rare Earth and Heavy Mineral Project

** About 2.2 million shares change hands, 39.5 times the 30-day average of 55,296

** YTD, shares of co more than doubled, up 121.4%

($1 = 1.5411 Australian dollars)

 (Reporting by Nichiket Sunil in Bengaluru)

 ((Nichiket.Sunil@thomsonreuters.com))