Australia's Equinox Resources gains on MoU with US and Singapore firms

Eminence Minerals

22/04/2025 03:30

** Shares of Equinox Resources EQN.AX rise 3.2% to A$0.096, their highest level since April 4

** Mineral explorer enters into non-binding memorandum of understanding (MoU) with Alaska Antimony Corporation, a U.S.-based downstream processor, and SB51, a Singapore-based global antimony trading firm

** Says MoU is to explore offtake processing and commercialization pathways for co's high-grade Alturas Antimony Project in Canada

** Earlier, stock rose as much as 18.3% to A$0.110 - its highest level since March 27

** About 529,472 shares traded in stock's busiest session since March 27

** Stock down 8.6% YTD, including current session's moves

 (Reporting by Manasi Dasa in Bengaluru)

 ((Manasi.DasaSundeep@thomsonreuters.com;))