Australia's Sovereign Metals rises on securing power supply for Malawi project
21/05/2025 06:13
** Sovereign Metals SVM.AX rises 4.8% to A$0.655; set for steepest intraday pct gain since April 14 ** Diversified miner signs MoU with Electricity Supply Corporation of Malawi to secure power grid supply for co's Kasiya rutile-graphite project in the country ** Says MoU ensures work plan to access renewable hydro-based power supply for project ** YTD, SVM loses 11.5% (Reporting by Nikita Maria Jino in Bengaluru) ((Nikita.Jino@thomsonreuters.com;))