Australia's Gladiator Resources jumps on finding high-grade uranium in Tanzania

US1 Critical Minerals

27/12/2023 01:07

** Shares of Gladiator Resources  GLA.AX  rise as much as
26.1% to A$0.029, their highest since May 4, 2022 
    ** Stock on track for best day since July 25, if current
gains hold 
    ** Gold and uranium miner says high-grade uranium
mineralisation has been identified in Mkuju Uranium Project in
Tanzania
    ** Says assay results confirm the presence of high-grade
uranium in four out of five trenches with one mineralised layer
to be at least 6 m thick 
    ** About 8.7 mln shares change hands, compared with the
30-day average volume of 669,621 shares
    ** Stock had risen 43.8% this year, as of last close

 (Reporting by Sneha Kumar in Bengaluru)
 ((Sneha.Kumar@thomsonreuters.com;))