Australia's Aspire Mining rises after Mongolian coal mine contract rights deal

Aspire Mining

11/09/2025 04:16

** Shares of Aspire Mining AKM.AX rise as much as 17.4% to A$0.270, their highest level since July 25

** Coking coal developer signs agreement to extinguish legacy contract rights over Ovoot and Nuurstei projects in Mongolia, restoring co's exclusive marketing control

** Co will pay a 0.75% royalty on gross sales from the Ovoot mining licence as consideration for the termination

** Over 2.6 mln shares change hands, 3.9x the 30-day average

** Stock last up 13%, takes YTD gains to ~2%

 (Reporting by Kumar Tanishk in Bengaluru)

 ((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk http://www.x.com/thatstanishk;))