BUZZ-Australia's Star Minerals rises on mining deal, capital raise

Reuters

2025/11/13

BUZZ-Australia's <a href="https://laohu8.com/S/SGU">Star</a> Minerals rises on mining deal, capital raise

** Star Minerals SMS.AX rises 7% to A$0.046; set for best session since October 16

** Copper-gold miner signs right to mine agreement for Tumblegum South gold project in Western Australia with mining contractor MEGA Resources, its financial arm Bain Global Resources

** Deal grants MEGA mining contract for project, provides for 50:50 profit share arrangement with Bain Global Resources

** Bain Global Resources will provide working capital of up to A$20 mln ($13 mln) via MEGA Resources, reducing co's need to raise funds via dilutive issuance

** YTD, SMS gains 27.8%

($1 = A$1.5389)

(Reporting by Shruti Agarwal in Bengaluru)

((Shruti.Agarwal@thomsonreuters.com))

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set for best session since October 16</p><p>** Copper-gold miner <span>signs</span> right to mine agreement for Tumblegum South gold project in <a href=\"https://laohu8.com/S/WER.AU\">Western Australia</a> with mining contractor MEGA Resources, its financial arm Bain Global Resources</p><p>** Deal grants MEGA mining contract for project, provides for 50:50 profit share arrangement with Bain Global Resources</p><p>** Bain Global Resources will provide working capital of up to A$20 mln ($13 mln) via MEGA Resources, reducing co's need to raise funds via dilutive issuance</p><p>** YTD, SMS gains 27.8%</p><p>($1 = A$1.5389)</p><p> (Reporting by Shruti Agarwal in Bengaluru)</p><p> ((Shruti.Agarwal@thomsonreuters.com))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7095","symbol_name":"多种金属与采矿","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20251113:nL6N3WP05V:1","article_id":"2583536634","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2583536634","pubTimestamp":1763002408,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"BUZZ-Australia's Star Minerals rises on mining deal, capital raise** Star Minerals SMS.AX rises 7% to A$0.046; 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