Australia's Marmota set for best day in 3 weeks on buying uranium tenement
06/10/2021 02:33
** Gold-copper explorer Marmota Ltd MEU.AX rises as much
as 6.5% to A$0.049, best intraday jump since Sept. 15
** Says https://www.marmota.com.au/investors/asx-announcements/doc_view/740-marmota-acquires-junction-dam-uranium-tenement-adjacent-to-boss-honeymoon-mine-6-oct-2021.html
acquired Junction Dam uranium tenement in South Australia,
previously owned collectively by base metals explorer Variscan
Mines VAR.AX , explorer Teck Australia Pty, among others
** Granted 5% net profits royalty on production from a
future uranium mine on site to prev tenement holders - MEU
** MEU hits highest since Sept. 27
** More than 4.9 mln shares change hands, vs the 30-day
average of 2.4 mln shares
** Stock flat this year, as of last close
(Reporting by Sameer Manekar in Bengaluru)
((Sameer.Manekar@thomsonreuters.com;))