Australia's Calix rises on Rio Tinto deal

Calix

17/11/2025 24:50

** Shares of Calix CXL.AX rise as much as 30.1% to A$0.605, hitting their highest level since July 31

** Stock logs its biggest intraday pct gain since September 15

** Environmental technology firm executes deal with mining giant Rio Tinto RIO.AX for over A$35 million ($22.86 million)of cash and in-kind support for demonstration of co's Zero Emissions Steel Technology (ZestyTM) in Kwinana, Western Australia

** Stock down nearly 20% this year, including the day's move

($1 = 1.5314 Australian dollars)

 (Reporting by Rajasik Mukherjee in Bengaluru)

 ((Rajasik.Mukherjee@thomsonreuters.com))