Australia's Rafella Resources rises most in 2-1/2 weeks on tungsten deal

Pivotal Metals

04/01/2022 02:12

** Shares of Rafella Resources Ltd  RFR.AX  rise as much as
10.8% to A$0.072, their best intraday session since Dec 15
    ** The mineral explorer's unit executes binding agreement
with Spain-based Valoriza Minería S.L.U. to buy Tungsten San
Finx S.L  urn:newsml:reuters.com:*:nFWN2TJ0V5
    ** Tungsten San Finx S.L owns San Finx tin and tungsten mine
in the Iberian Peninsula
    ** Deal for consideration of 5 mln euros ($5.65 mln) payable
in royalties  
    ** Stock up 12.2% this year, as of last close

     ($1 = 0.8846 euros)

 (Reporting by Aneetta Thomas in Bengaluru)
 ((Aneetta.Thomas@thomsonreuters.com;))