Australia's Venari Minerals hits near one-month high on Nevada land and water rights deal

Venari Minerals NL

13/10/2026 01:32

** Shares of Australia's Venari Minerals VMS.AX rise as much as 14.3% to A$0.120, their biggest intraday pct gain since September 14
** Stock hits its highest level since September 29
** Diverisified explorer acquires a freehold property and associated water rights near its Red Mountain Lithium Project in Nevada for $400,000 
** Venari says the acquisition secures a substantial water entitlement in a district where water access is a key development constraint
** YTD, stock down 30%, including session's moves

($1 = 1.4378 Australian dollars)

 (Reporting by Paridhi Minda in Bengaluru)
 ((Paridhi.minda@thomsonreuters.com))