Australia's Prospech hits nearly 1-year high on rare earth oxide find in Finland

European Resources

11/04/2023 03:35

** Shares of Prospech Ltd  PRS.AX  more than double in value
to A$0.056, their highest in nearly a year
    ** Miner says it identifies high-grade rare earth oxides and
hafnium in drill hole samples from Jokikangas project in Finland
    ** Prospech says it has commenced sampling wider intervals
of the drill core and applied to expand the Finland project to
cover open ground with reported vanadium mineralisation
    ** "There is a significant increase in demand for locally
supplied critical minerals in Europe and the government is
strongly committed to fulfilling as much of the demand as
possible from local sources" - MD Jason Beckton
    ** Stock has more than doubled in value so far this year

 (Reporting by Mehr Bedi in Bengaluru)
 ((Mehr.Bedi@thomsonreuters.com;))