Australia's Heavy Rare Earths rises after Cowalinya project update
13/05/2024 06:47
** Shares of Heavy Rare Earths HRE.AX rise as much as 5.7%
to A$0.037, on track for their best day since May 3, if gains
hold
** The rare-earths explorer produces mixed rare-earths
carbonate sample from rare-earth mineralization at its Cowalinya
project in Western Australia
** Says co sufficiently encouraged by the results to upscale
downstream programme to produce increased volume of mixed rare
earth carbonate for market assessment
** About 159,213 shares change hands, compared with 30-day
average trading volume of 59,560 shares
** Stock down 45.2% YTD, as of last close
(Reporting by John Biju in Bengaluru)
((John.Biju@thomsonreuters.com;))
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