Australia's BPM Minerals gains on deal to acquire rare earths project
03/07/2024 03:23
** Shares of BPM Minerals BPM.AX rise 32.7% to A$0.073,
set for their best day since Feb. 1, if gains hold
** Base-metal explorer says it entered two exclusive option
agreements to acquire the tenements comprising the Durack
Project in Western Australia
** Co says the project hosts high-grade rare earth elements
(REE) with accessory zircon and titanium, where initial
rock-chipping confirmed presence of high-grade REE
mineralisation
** BPM stock at its highest level since April 4
** Stock down 39.6% YTD, as of last close
(Reporting by Ayushman Ojha in Bengaluru)
((Ayushman.ojha@thomsonreuters.com;))
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