Australia's Sovereign Metals gains after IFC deal to fund Malawi project

Sovereign Metals

16/12/2025 04:32

** Shares of Australia's Sovereign Metals SVM.AX rise as much as 5.2% to A$0.51

** Diversified miner says it has signed strategic collaboration agreement with World Bank member International Finance Corporation (IFC), to advance sustainable development of co's Kasiya Rutile-Graphite Project

** Co says IFC to obtain rights for debt financing of project as part of agreement

** Kasiya Rutile-Graphite Project is a titanium dioxide and graphite mining deposit in Malawi, Africa

** Stock down 32.8% YTD, including day's moves

 (Reporting by Aamir Sheik Khalid in Bengaluru)

 ((Aamir.SheikKhalid@thomsonreuters.com))