Australia's Mastermyne Group hits 6-month high on extension of exclusive distribution pact
20/01/2026 02:49
** Shares of Mastermyne Group MYE.AX rise as much as 13.8% to A$0.165, their highest level since July 16, 2025 ** The mining services provider agrees upon a 10-year extension to its exclusive distribution agreement with Jennmar Holdings, LLC on the supply of critical strata consolidation products ** Agreement now operational until 2047, says Mastermyne ** About 222,960 shares change hands, 3.5x the 30-day average ** Stock shed 15.2% in 2025 (Reporting by Sherin Sunny in Bengaluru) ((Sherin.Sunny@thomsonreuters.com))
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