Australia's Gold Mountain jumps on rare earth find in Brazil
01/12/2023 02:31
** Shares of Gold Mountain Ltd GMN.AX rise as much as
33.35 to A$0.008, set for best day since Oct. 2, if gains hold
** Mineral explorer says it secured 57 rare-earth tenement
applications of over 100,000 Hectares, in eastern Bahia state in
Brazil
** Co achieved results with Australian companies Brazilian
Rare Earths and Equinox Resources
** 15.0 mln shares change hands, compared with the 30-day
average volume of 2.4 mln
** GMN down 14.3% YTD as of last close
(Reporting by Adwitiya Srivastava in Bengaluru)
((Adwitiya.Srivastava@thomsonreuters.com;))