Australia's Bastion Minerals rises as unit gets exploration permit in Sweden

Vita Resources NL

28/06/2023 03:42

** Shares of Bastion Minerals  BMO.AX  rise as much as 11.5%
to A$0.029, set for best session since June 19, if gains hold
    ** Co says its unit Bastion Minerals (Fuerte) Pty Ltd has
been awarded the exploration permit for a strategic land holding
of prospective rare-earths element (REE) tenure near Gyttorp in
southern Sweden
    ** "The Gyttorp REE project provides Bastion with exposure
to critical minerals growth in Europe, where we see significant
growth in the battery metals sector," says BMO
    ** Stock down ~23.5% this year, as of last close 
    


 (Reporting by Upasana Singh in Bengaluru)
 ((Upasana.Singh@thomsonreuters.com))