Australia's Minbos Resources rises as co divests Madagascar rare-earths project

Minbos Resources

08/03/2022 04:22

** Shares of phosphate explorer Minbos Resources  MNB.AX  up
as much as 5.6% to A$0.143  
    ** Co says it entered a binding agreement with ALS (Hong
Kong) Ltd to divest its interest in its Madagascar Rare Earths
project  urn:newsml:reuters.com:*:nASXbTh3tP 
    ** Deal consideration includes a payment of A$2.4 mln ($1.76
mln) to Minbos
    ** Minbos up 12.5% YTD, as of last close 
    
    
    ($1 = 1.3659 Australian dollars)

 (Reporting by Harshita Swaminathan in Bengaluru)
 ((Harshita.Swaminathan@thomsonreuters.com))