Australia's Heavy Minerals gains on Dutch funding aid for WA project

Heavy Minerals

19/06/2023 03:15

** Shares of Heavy Minerals  HVY.AX  rise as much as 20% to
A$0.12, set for best day since Feb 2, if gains hold
    ** Mineral explorer says it has secured Dutch
government-backed project finance support subject to due
diligence for potential development of Port Gregory Project in
Western Australia
    ** Co receives letter of support from Atradius Dutch State
Business on behalf of Netherlands' government which confirms due
diligence to assess insuring export financing for the project
    ** Stock at highest level since June 1
    ** Stock down 33.3% YTD, as of last close
 

 (Reporting by Ayushman Ojha in Bengaluru)
 ((Ayushman.ojha@thomsonreuters.com;))