Australia's Australian Strategic Materials gains on JV deal with Caspin Resources

Caspin Resources

10/04/2024 03:40

** Shares of Australian Strategic Materials  ASM.AX  rise as
much as 6.5% to A$1.485, highest since March 26
        ** Stock logs its biggest intraday pct gain since March
25
    ** Critical metals producer says forms JV with Caspin
Resources  CPN.AX 
    ** JV to earn up to 75% of the rare earth element rights in
Caspin's Mount Squires Project in Western Australia
    ** Stock up ~10% YTD, as of last close

 (Reporting by Neha Soni in Bengaluru)
 ((Neha.Soni@thomsonreuters.com))