BUZZ-Australia's Neometals rises on MoU deal with Rio Tinto unit

Reuters

2025/06/26

** Shares of Neometals NMT.AX rise as much as 8.7% to A$0.075, their highest levels since June 17

** The battery materials producer says it has signed a memorandum of understanding with a unit of iron ore miner Rio Tinto RIO.AX

** Says MOU was to collaborate to explore an energy transition technology

** Stock down 8% this year, including the day's move

(Reporting by Rajasik Mukherjee in Bengaluru)

((Rajasik.Mukherjee@thomsonreuters.com))

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