Australia's West Cobar Metals hits record high on buying rare earths project

West Cobar Metals

08/09/2022 02:21

** Australian miner West Cobar Metals Ltd  WC1.AX  surge as
much as 51.3% to hit a record high of A$0.295 
    ** Co says binding agreements signed to acquire Salazar Rare
Earth Elements Clay Project located in Western Australia
 urn:newsml:reuters.com:*:nASXhkSW4
    ** Deal for consideration of 39 mln fully paid ordinary
shares in the capital of West Cobar
    ** Says project is well advanced with over eight years of
testwork, among others 
    **  More than 4.1 mln shares change hands, compared with the
30-day average volume of about 142,000 shares 
    ** Stock on track for its fourth session of gains 
    ** Stock has risen 39.3% this year as of last close
 

 (Reporting by Jaskiran Singh in Bengaluru)
 ((Jaskiran.Singh@thomsonreuters.com;))