Australia's Orpheus Uranium up on project buy

Orpheus Uranium

09/04/2024 05:31

** Shares of Orpheus Uranium  ORP.AX  rise as much as 11.3%
to A$0.089, their biggest intraday pct gain since Feb. 2
    ** Uranium explorer says deal to acquire Groundwater
Science's Frome Project in South Australia completed
    ** Total consideration is A$330,000 ($217,965.00)
    ** ORP also signs deal with Prospect Resources  PSC.AX  that
will let it exit from its exploration projects in Zambia
    ** Adds, PSC to pay co A$1 mln in fully paid Prospect shares
    ** Stock down 20% YTD, as of last close


($1 = 1.5140 Australian dollars)

 (Reporting by Neha Soni in Bengaluru)
 ((Neha.Soni@thomsonreuters.com))