Australia's Hawk Resources jumps on key mining permit win for scandium project
31/08/2026 03:16
BUZZ-Australia's Hawk Resources jumps on key mining permit win for scandium project ** Shares of Australia's Hawk Resources HWK.AX rise as much as 14.7% to A$0.039, their highest level since August 20
** Stock logs biggest intraday pct gain since August 19
** HWK up 5.9% at A$0.036, as of 0208 GMT
** Diversified miner receives mining entry permit from Western Australia's Minister for Aboriginal Affairs for its Olympus scandium project in Western Australia
** Adds MEP is a pre-requisite to commence exploration in the area
** Says remaining approvals are expected from WA Minister for Mines and the approval of its Programme of Work (PoW) in September, following which exploration will commence
** More than 7 million shares change hands, about 2.8x the 30-day average
** Stock up 12.9% YTD
(Reporting by Subhalakshmi Dey in Bengaluru)
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