Australia's Uvre rises on gold project acquisitions in New Zealand

Northern Minerals & Exploration

19/05/2025 04:15

** Mineral explorer Uvre UVA.AX up 6.4%

** UVA had risen as much as 22.3% to A$0.115; highest since November 25, 2024

** Co says it will acquire Minerals Exploration in exchange for 75 mln UVA shares

** Acquisition will give UVA control over Minerals Exploration's gold unit Otagold, which holds exploration and prospecting permits in New Zealand

** Trading volume at about 1 mln, 15.3x the 30-day average

** Stock up 12.4% YTD

 (Reporting by Sneha Kumar in Bengaluru)

 ((Sneha.kumar@thomsonreuters.com;))