Australia's Anax Metals jumps, inks deal with GreenTech Metals for potential copper assets

Anax Metals

16/05/2024 01:57

** Shares of Australian copper developer Anax Metals Ltd
 ANX.AX  rise as much as 11.1% to A$0.060
    ** Signs memorandum of understanding with GreenTech Metals
 GRE.AX  to assess potential to treat Whundo and other suitable
GreenTech assets at Whim Creek processing hub in Pilbara
    ** GRE and ANX forming a Pilbara Base Metal Alliance
targeting more than 20 thousand tonnes per annum Cu  production
    ** GRE shares soar 15.2% to A$0.265, marking their biggest
intraday jump since Feb. 29; touches highest level since April
10
    ** ANX shares up 80% while GRE stock down ~52% so far this
year, as of last close

 (Reporting by Sameer Manekar in Bengaluru)
 ((Sameer.Manekar@thomsonreuters.com; Twitter: https://twitter.com/sameer_manekar))