Australia's Copper Metals hits 1-1/2-month high after acquiring Pyramid Gold Project

Cooper Metals

21/04/2026 04:29

** Shares of Copper Metals CPM.AX rise as much as 19.6% to A$0.06, their highest level since March 3

** On track for best session since October 27, 2025

** Copper and gold explorer to acquire Pyramid Gold Project from AIC Mines' A1M.AX unit Demetallica Gold Mines in exchange for non-core Oorindi Project

** Demetallica to acquire Oorindi Project

** About 681,000 shares change hands, 6 times the 30-day avg

** Stock is up 8.9% YTD

 (Reporting by Anjali Singh in Bengaluru)

 ((anjali.singh2@thomsonreuters.com;))