Australia's AuKing Mining rises on rare-earths project buy
04/08/2026 01:35
BUZZ-Australia's AuKing Mining rises on rare-earths project buy ** Shares of Australia's AuKing Mining AKN.AX rise as much as 4.8% to A$0.022, their biggest intraday pct gain since July 17
** The miner says it has agreed to buy a 100% stake in Machinga Heavy Rare Earth project in Southern Malawi
** Company says deal provides it with a high-quality rare-earth project at a time when heavy rare-earths are attracting increasing strategic interest in the United States and globally
** Stock up 377% this year, including the day's move
(Reporting by Rajasik Mukherjee in Bengaluru)
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Australia's AuKing Mining rises on rare-earths project buy