MTM Critical Metals up, says drilling at Canada project to restart shortly

Metallium

04/07/2023 04:50

** Shares of Australia's MTM Critical Metals  MTM.AX  rise
9.4% to A$0.105, set to mark best day since June 6, if current
gains hold  
    ** Exploration co says with regional conditions improving,
drilling activities anticipated to return shortly at the Pomme
REE-NB project in Québec, Canada 
    ** Says current diamond drilling program at the project
continues to be temporarily suspended for safety reasons due to
forest fires 
    ** "Fire conditions are easing and authorities have
successfully brought most fires in the vicinity of the project
area under control"- Managing Director, Lachlan Reynolds 
    ** Around 20,420 shares have changed hands so far, compared
with the 30-day moving average of 2 million shares  
    ** Stock has risen ~22% this year, as of last close

 (Reporting by Nausheen Thusoo in Bengaluru)
 ((Nausheen.Thusoo@thomsonreuters.com;))