Australia's Tusker Minerals rises on $3.98 million deal for rare earths project

Auking Mining

17/04/2026 06:22

** Shares of Tusker Minerals TSK.AX rise 43.8% to A$0.105, their highest level since Feb 12

** Stock on track to gain most since mid-May 2025 if trends hold

** Co sells its Twilundulu rare earths project to AuKing Mining AKN.AX for A$5.55 million ($3.98 million)

** AKN rises 21.1% to A$0.023, their highest level since July 2024

** About 1.4 mln TSK shares change hands, 9.9x the 30-day average of 138,963; busiest session since November

** On year-to-date basis, TSK down 12.5%, AKN up 411.1%

($1 = 1.3955 Australian dollars)

 (Reporting by Jasmeen Ara Shaikh in Bengaluru)

 ((Jasmeenaraislam.Shaikh@thomsonreuters.com;))