Australia's Mount Ridley rises as gallium recovery tests boost extraction technology hopes

Mount Ridley Mines

21/10/2026 03:59

** Shares of Australia's Mount Ridley Mines MRD.AX rise as much as 25.5% to A$0.054, marking their biggest intraday pct gain since September 8
** The mineral explorer says its patent-pending Selectro metals extraction technology recovered 95% of gallium from a composite bauxite sample taken from a bauxite project in Western Australia
** Company says the process also recovered 92% of aluminium and 97% of iron in a single leach at temperatures below 100°C
** Mount Ridley says focus will now shift to the separation and purification stage following recovery results
** Nearly 18.3 million shares change hands, about 3x the 30-day average
** Stock up 45.5%, YTD, including session's moves 

 (Reporting by Subhalakshmi Dey in Bengaluru)
 ((Subhalakshmi.Dey@thomsonreuters.com;))