Australia's Fortune Metals soars on acquisition of projects in Malawi

Fortuna Metals

11/09/2025 02:28

** Shares of Fortune Metals Ltd FUN.AX rise as much as 128.6% to A$0.160, their highest level since April 30, 2024; last up 50%

** Mineral explorer to acquire Mkanda and Kampini Rutile Projects in Malawi, Africa

** Co also announces appointment of Tom Langley as chief executive officer

** About 6.2 mln shares traded, 19.8x the 30-day average

** YTD stock up 86.7%, including current session's move

 (Reporting by Ananya Verma in Bengaluru)

 ((ananya.verma@thomsonreuters.com;))