Australia's KGL Resources jumps on offtake agreement with Glencore
22/03/2022 01:05
** Shares of the copper-silver-gold explorer KGL.AX climb
as much as 17.8% at A$0.5
** Co signs a binding offtake agreement with Glencore
International AG for 100% of copper concentrate from Jervois
Mine
** Agreement has a minimum 5-year term from commercial
production
** Shares hit highest since Feb. 23
** Stock is down ~14% this year, as of last close, compared
with an over two-fold jump in 2021
(Reporting by Indranil Sarkar in Bengaluru)
((Indranil.Sarkar@thomsonreuters.com;))
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