Australia's Terrain Minerals hits near 1-month high on grant of REE tenements

Terrain Minerals

05/05/2022 04:14

** Shares of mineral exploration co  TMX.AX  rise as much as
44.4% to A$0.013, their highest since April 8
    ** TMX says it was granted three Rare Earth Elements (REE)
exploration tenements at its Lort River project  urn:newsml:reuters.com:*:nASX3lMbmD
    ** Tenements cover 320 square kilometre of prospective
exploration area within southern Esperance clay hosted REE
province in Western Australia - co
    ** Stock posts its biggest intraday pct. gain since April 4
    ** More than 14.2 mln shares change hands, compared with the
30-day average volume of ~7 mln shares
    ** Stock up 12.5% this year, as of last close

 (Reporting by Anan Ashraf)
 ((Anan.Ashraf@thomsonreuters.com;))