Metals Australia rises on grant funding for graphite plant

Metals Australia

06/03/2025 04:28

** Shares of Metals Australia MLS.AX rise 5.3% to A$0.02

** Stock set for their best trading session since mid January, if current gains hold

** Mineral explorer says its Canadian unit receives C$600,000 ($418,702.02) in grant funding from Quebec Ministry of Natural Resources and Forests

** Funding to be used for research and development of its Lac Carheil Flake graphite concentrate plant in Quebec

** Stock down 13% YTD, including current session's moves

($1 = 1.4330 Canadian dollars)

 (Reporting by Nikita Maria Jino in Bengaluru)

 ((Nikita.Jino@thomsonreuters.com;))