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RXL — Rox Resources News Story

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Australia's Rox Resources rises after securing $243 million debt package for Youanmi mine

BUZZ-Australia's Rox Resources rises after securing $243 million debt package for Youanmi mine

** Shares of Australia's Rox Resources RXL.AX rise as much as 6.7% to A$0.635, their highest level since September 23

** Stock posts its biggest intraday pct rise since mid-September

** The critical minerals developer secures financial close on A$350 million ($243.36 million) debt facilities for its Youanmi Gold Mine in Western Australia

** Company draws initial A$90.2 million under A$300 million project debt facility to fund ongoing construction and development

** Stock up 26.3%, YTD, including session's moves

($1 = 1.4382 Australian dollars)


(Reporting by Swetha Lakshmi in Bengaluru)

((Swetha.Lakshmi@thomsonreuters.com))

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