Australia's Chase Mining soars on completion of graphite project acquisition

GCM

18/11/2022 03:14

** Shares of Chase Mining Corp Ltd  CML.AX  rise as much as
83.3% to A$0.022 - set for their best day since June 26, 2020 if
gains hold 
    ** Miner says completed acquisition of Green Critical
Minerals Pty Ltd, which holds 80% of graphite rights for
McIntosh project in Australia
    ** Says project is known as the third largest ASX-listed
graphite project in Australia
    ** CML shares hit their highest since April 29, 2021
    ** More than 26.13 mln shares change hands, compared with
the 30-day average volume of 1.72 mln shares 
    ** Stock down 9.7% YTD, as of last close 
($1 = 1.4899 Australian dollars)
 (Reporting by John Biju in Bengaluru)
 ((John.Biju@thomsonreuters.com;))