Shenghe Resources unit to acquire new shares in Australia's Vital Metals

Vital Metals

23/10/2023 03:38

Oct 23 (Reuters) - China-based Shenghe Resources
 600392.SS  said on Monday its unit's Singapore firm signed an
agreement to acquire new shares in Australia-based rare-earth
miner Vital Metals  VML.AX  for about A$14.8 million ($9.34
million).
    Vital Metals did not immediately respond to a Reuters'
request for comment.

($1 = 1.5843 Australian dollars)

 (Reporting by Himanshi Akhand in Bengaluru; Editing by
Subhranshu Sahu)
 ((Himanshi.Akhand@thomsonreuters.com;))