Australia's Olympio Metals climbs on getting earn-in rights for rare earths

Olympio Metals

09/12/2022 24:20

** Shares of Olympio Metals Ltd  OLY.AX  climb as much as
27.8% to A$0.230, their highest since Oct. 11
    ** Gold and lihtium explorer acquires right to earn up to a
90% interest in Eurelia Niobium–Rare Earth Element Carbonatite
Project in South Australia from private company Copper Claim Pty
Ltd  urn:newsml:reuters.com:*:nASX29dVZs
    ** Says it also applied for exploration lease application 
directly to the south of Eurelia, which it has named the
Walloway Project
    ** Stock posts its biggest intraday pct gain since Nov. 23
    ** More than 150,000 shares change hands, nearly triple the
30-day average volume 
    ** YTD, stock up nearly six-fold, as of last close
 (Reporting by Poonam Behura in Bengaluru)
 ((Poonam.Behura@thomsonreuters.com;))