Australia's Resource Mining rises on acquiring Singapore-based Element92

Resource Minerals International

09/11/2022 03:00

** Shares of Resource Mining Corporation Ltd  RMI.AX  jump
as much as 6.1% to A$0.105, on track for best day since Oct 31,
if gains hold 
    ** The nickel miner says it executed a binding term sheet to
buy Singapore-based miner Element92 Pte Ltd  urn:newsml:reuters.com:*:nASX21YvP
    ** Says deal grants it ownership of two lithium projects and
one nickel project, all located in Finland
    ** Stock hits highest since Nov 1
    ** More than 608,008 shares change hands, vs the 30-day
average volume of 596,514 shares
    ** RMI stock up nearly fourfold YTD, as of last close
 (Reporting by Poonam Behura in Bengaluru)
 ((Poonam.Behura@thomsonreuters.com;))