Australia's Resource Mining rises on Finland nod for lithium project

Resource Minerals International

02/11/2023 04:08

** Shares of Resource Mining Corp Ltd  RMI.AX  rise as much
as 8.3% to A$0.039, their highest level since Oct 9  
    ** Shares of the nickel miner last up 5.56% at A$0.038, set
for best day since July 28 if gains hold
    ** Mineral explorer says "Neverbacka" lithium reservation
application approved by Finnish govt agency, Tukes
    ** Says Neverbacka reservation area has potential to host
high-grade lithium-bearing pegmatites
    ** Adds approval expands its lithium project footprint in
Finland  
    ** More than 200,000 shares change hands by 0339 GMT, about
2.6 times the 30-day average
    ** Stock down ~47% this year, as of last close

($1 = 1.5547 Australian dollars)

 (Reporting by Sherin Sunny in Bengaluru)
 ((Sherin.Sunny@thomsonreuters.com))