Australia's MTM Critical Metals jumps on deal with US' Indium Corp

Metallium

29/11/2024 24:07

** Shares of MTM Critical Metals  MTM.AX  rise as much as
35.3% to A$0.092, their biggest intraday gain since Aug. 21
    ** Stock hits its highest level since Oct. 29
    ** Critical metals explorer announces deal with U.S.-based
metals supplier Indium Corp
    ** Under deal, co will process scrap metals rich in gallium,
indium, germanium and tin, provided by Indium
    ** Says deal "aligns with U.S. efforts to establish a secure
domestic supply of critical materials"
    ** About 17.5 mln shares change hands, compared with the
30-day average volume of around 3.4 mln
    ** Stock up 30.9% YTD, including session's move



 (Reporting by Aaditya Govind Rao in Bengaluru)
 ((Aaditya.govindrao@thomsonreuters.com;))