** Sovereign Metals SVM.AX rises 4.8% to A$0.655; set for steepest intraday pct gain since April 14
** Diversified miner signs MoU with Electricity Supply Corporation of Malawi to secure power grid supply for co's Kasiya rutile-graphite project in the country
** Says MoU ensures work plan to access renewable hydro-based power supply for project
** YTD, SVM loses 11.5%
(Reporting by Nikita Maria Jino in Bengaluru)
((Nikita.Jino@thomsonreuters.com;))
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