BUZZ-Australia's Sovereign Metals rises on securing power supply for Malawi project

Reuters

2025/05/21

** 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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