Australia's Highfield Resources hits 2-1/2-week high on $315 mln credit approval

Highfield Resources

24/10/2022 24:43

** Shares of Australia's Highfield Resources  HFR.AX  rise
as much as 8% to A$0.81, their highest since Oct 7
    ** The minerals explorer announces that it has received
credit approvals from a syndicate of four international
financial institutions acting as Mandated Lead Arrangers for
senior secured project financing facilities  urn:newsml:reuters.com:*:nASX8FBf6v
    ** Says credit approval of up to 320.6 mln euros ($315.25
mln) to fund the construction and development of co's Muga
potash project in Spain
    ** Stock posts its biggest intraday pct gain since July 4
    ** Highfield stock down 16.7% this year, as of last close
     ($1 = 1.0170 euros)
 (Reporting by Rishav Chatterjee in Bengaluru)
 ((Rishav.Chatterjee@thomsonreuters.com;))