Australia's GreenX Metals climbs to near 4-month high on winning arbitration case against Poland

GreenX Metals

09/10/2024 02:00

** Shares of critical metals explorer GreenX Metals  GRX.AX 
rise as much as 35.3% to A$0.920, their highest since mid-June
    ** Stock set for best day since December 2022, if gains hold
    ** Co says it has been awarded 252 mln euros ($276.57 mln)
in compensation by the tribunal after successful outcome of
international arbitration claims against Poland
    ** Says the tribunal held that the Republic of Poland
breached its obligations under Australia-Poland Bilateral
Investment Treaty (BIT) and Energy Charter Treaty in relation to
Jan Karski coal project
    ** Trading volumes nearly 12 times the 30-day average of
25,339 shares
    ** As of last close, stock was down 26.5% YTD


     ($1 = 0.9112 euros)

 (Reporting by Himanshi Akhand in Bengaluru)
 ((Himanshi.Akhand@thomsonreuters.com;))