Australia's Minbos Resources climbs after completing rare earths project sale

Minbos Resources

25/05/2022 05:39

** Shares of Minbos Resources  MNB.AX  climb as much as
23.1% to A$0.160, mark their biggest intraday pct gain since
Sept. 1, 2021
    ** Exploration and development company focussed on
nutrient-fertiliser supply completes the sale of its Ambato Rare
Earths Project and received A$2.46 mln ($1.75 mln) in sale
proceeds  urn:newsml:reuters.com:*:nASX2gg49W
    ** Says it has received significant inquiries from potential
technical, offtake and investment partners for its Capanda Green
Hydrogen-Ammonia Project
    ** Shares hit their highest since April 19
    ** Volumes 4.6 times the 30-day average of about 2 mln
shares
    ** As of last close, stock up 8.3% this year
($1 = 1.4059 Australian dollars)

 (Reporting by Himanshi Akhand in Bengaluru)
 ((Himanshi.Akhand@thomsonreuters.com;))