Australia's Octava Minerals soars on deal to buy Argentina fluorspar project

Octava Minerals

28/09/2026 05:45

** Shares of Octava Minerals OCT.AX surge as much as 35% to A$0.027, their highest since June 22
** Stock logs largest intraday pct gain since January 14
** Critical minerals explorer enters agreement to acquire West Sierra Grande Fluorspar Project, located in Rio Negro Province in Argentina
** Fluorspar is the common name for the mineral fluorite
** Also undertakes placement to raise A$1.8 million ($1.26 million) at an offer price of A$0.018 per share, a 10% discount to the last close 
** YTD, stock down 48.9%

($1 = 1.4241 Australian dollars)

 (Reporting by Tejas Harish in Bengaluru)
 ((tejas.harish@thomsonreuters.com;))