Australia's SQX Resources surges on buying stake in US projects

Sqx Resources

16/10/2025 04:36

** SQX Resources SQX.AX surges as much as 70.6% to record high of A$0.29

** Stock marks record intraday pct gain; set for seventh consecutive session of gains

** Mineral explorer acquires 80% of two gold & silver projects in U.S. from AM6 Pty Ltd

** Receives firm commitments to raise A$2 mln ($1.3 mln) at an issue price of A$0.10

** Funds will be used for exploration programme at Williams Project, Red Bird Project

** About 6.1 mln shares traded in stock's busiest day ever, 82.4x the 30-day average

** YTD, SQX soars 162.2%

($1 = A$1.5413)

 (Reporting by Ananya Verma in Bengaluru)

 ((ananya.verma@thomsonreuters.com;))