Australia's Tungsten Mining jumps on MOU to develop Mulgine Tungsten Project

Tungsten Mining NL

11/01/2022 04:39

** Shares of the tungsten explorer  TGN.AX  rise as much as 7.7%
to A$0.14, their highest since Jan 7 
    ** Says Memorandum of Understanding (MOU) executed with
engineering co MCC International (MCCI) to assist the continued
development of Mt Mulgine Tungsten Project located within the
Murchison Region of Western Australia  urn:newsml:reuters.com:*:nASX8pLS0F
    ** Says MOU provides support to finish feasibility studies
for the development of mine including assistance in financing
the project 
    ** Adds that under the MOU, parties have agreed to consider
opportunities for MCCI to participate in the project by way of a
minor equity investment
    ** Stock down 12% in 2021  


 (Reporting by Roushni Nair in Bengluru)
 ((Roushni.Nair@thomsonreuters.com;))