BUZZ-Australia's Genmin jumps on financing and development deal for Gabon project

Reuters

2025/12/01

** Shares of Genmin GEN.AX rise as much as 22.2% to A$0.011, gaining most since September 26

** Iron ore producer signed a letter of intent with Sino-Hunan International Engineering and Development for the financing & co-development of Baniaka Project in Gabon

** Proposed financing for 60% of the project funding requirements

** Stock at highest since November 4

** Over 10 million shares change hands, compared with the 30-day average volume of 3.8 million

** Stock currently up 16.7%, bringing YTD losses to 73.1%

(Reporting by Adwitiya Srivastava in Bengaluru)

((Adwitiya.Srivastava@thomsonreuters.com))

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