Australia's Platina Resources soars as co looks to secure deals for scandium project

Platina Resources

25/01/2021 03:08

** Shares of Platina Resources Ltd  PGM.AX  surge as much as
26.9% to A$0.066, in their biggest intraday pct gain since July
10, 2020
    ** Platinum and scandium explorer says to increase focus on
unlocking the value of its Platina Scandium Project in New South
Wales and aims to secure production offtake deals to enable
financing options for project construction  urn:newsml:reuters.com:*:nASX67JyVF
    ** Co plans to update an independent scandium market study
to assess new market opportunities and identify new industry
players potentially interested in investment - MD Corey Nolan
    ** Stock hits highest level since Sept. 21, 2020
    ** About 7.7 mln shares change hands, compared with the
30-day average vol of 1.3 mln shares 
    ** Stock down 5.5% this year, as of last close 

 (Reporting by Shriya Ramakrishnan in Bengaluru)
 ((Shriya.Ramakrishnan@thomsonreuters.com;))