Australia's Midas Minerals soars to record on copper project purchase

Nexa Resources SA

22/12/2025 04:36

** Shares of Midas Minerals MM1.AX rise as much as 10.7% to record A$0.62

** Mineral explorer says it has completed acquisition of Otavi Copper Project in Namibia

** In May, MM1 announced project acquisition from U.S. listed miner Nexa Resources NEXA.N for $3 million

** Stock has risen more than 600% YTD, including session's moves

 (Reporting by Aamir Sheik Khalid in Bengaluru)

 ((Aamir.SheikKhalid@thomsonreuters.com))