Australia's PVW Resources hits more than 1-1/2-year high on buying US projects

Union Star Metals

17/09/2025 03:10

** PVW Resources PVW.AX soars as much as 51.9% to A$0.041, highest since February 7, 2024

** Stock posts biggest intraday pct gain since February 20

** Diversified resources company to buy three mining projects in U.S. via purchase of Southern Prospecting, which owns options to acquire projects

** Projects include Cobb Creek gold project, Colorado Gulch, Silverstar gold and silver projects

** Consideration to be satisfied via issue of 200 mln shares to Southern Prospecting in addition to options

** Co to raise A$2.5 mln ($1.7 mln) at A$0.0165/share

** Stock sees busiest session since October 13, 2021, with ~13.3 mln shares traded - 40.8x the 30-day avg

** PVW last up 16.7%; YTD gains surge to 110%

($1 = A$1.4977)

 (Reporting by Shruti Agarwal in Bengaluru)

 ((Shruti.Agarwal@thomsonreuters.com;))