Australia's Pearl Gull Iron soars on potential access to rare earth project

Pearl Gull Iron

14/06/2024 04:09

** Shares of Pearl Gull Iron  PLG.AX  rise as much as 79% to
A$0.034, set to climb most since June 10, 2022 - if current
gains hold
    ** Iron ore explorer enters into binding agreement to buy
Huemul Holdings
    ** Says Huemul has signed agreement and is negotiating
further agreement to have right to earn up to 80% interest in
NeoRe 
    ** Says Chilean co NeoRe holds tenements for rare earth
elements, La Marigen Project
    ** Co intends to propose exploration programme at La Marigen
Project after acquisition of Huemul
    ** Stock hits its highest level since March 20
    ** About 5.5 mln shares change hands, compared with the
30-day average volume of 174,746
    ** Stock down more than 36% this year, as of last close

 (Reporting by Rajasik Mukherjee in Bengaluru)
 ((Rajasik.Mukherjee@thomsonreuters.com;))