Australia's Reward Minerals gains on retaining entire tenements under JV deal
11/07/2023 05:24
** Shares of potash explorer Reward Minerals RWD.AX up 13%
at A$0.052, set for best day since Oct 7, 2022, if gains hold
** Co says unit of Fortescue Metals Group FMG.AX sent a
formal notice of its intention to withdraw from the McKay Range
Farmin and Joint Venture Agreement (FJVA)
** Co says, upon withdrawal by FMG, it will retain tenements
under FJVA on a 100% unencumbered basis
** Stock at its highest level since June 20
** Stock down over 54% this year, as of last close
(Reporting by Ayushman Ojha in Bengaluru)
((Ayushman.ojha@thomsonreuters.com;))
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