Australia's Reward Minerals surges on $9.5 mln deed with Kalium Lakes

Kalium Lakes

16/11/2023 03:50

** Shares of Reward Minerals  RWD.AX  rise 75.5% to A$0.079,
highest level since March 23
    ** Potash explorer says it has entered into an exclusivity
deed with the receivers of Kalium Lakes Ltd  KLL.AX 
    ** Deed for potential acquisition of the Beyondie Sulphate
of Potash Project in Western Australia
    ** Total upfront consideration of A$14.8 mln ($9.5 mln) cash
- co
    ** Stock set for best day since Jan. 11, 1993, if gains hold
- LSEG data
    ** 1.4 mln shares change hands, compared with the 30-day
average volume of 89,712
    ** RWD cuts YTD loss to ~21.7% from 55.4% at last close

($1 = 1.5461 Australian dollars)

 (Reporting by Adwitiya Srivastava in Bengaluru)
 ((Adwitiya.Srivastava@thomsonreuters.com;))