Australia's Rafaella resources rises on signing green energy MoU for Spain project

Pivotal Metals

01/12/2021 01:17

** Shares of mineral explorer Rafaella Resources  RFR.AX 
rise as much as 14.3% to A$0.080, set for their best day since
July 27
    ** Co signs a non-binding memorandum of understanding (MoU)
with Spanish renewable energy developer Capital Energy Read
 urn:newsml:reuters.com:*:nASX6qVPQc
    ** Says the MoU explores possibility of supplying green
energy to co's Santa Comba tungsten and tin project site in
Spain
    ** Adds MoU is a step forward in RFR's objective of
zero-carbon mine development and extends to any future projects
in Spain
    ** Shares hit their highest since Nov. 17
    ** Volumes are 6.5 times the 30-day average of 527,213
shares
    ** As of last close, stock down 5.4% this year
    

 (Reporting by Himanshi Akhand in Bengaluru)
 ((Himanshi.Akhand@thomsonreuters.com;))