BUZZ-Australia's GreenX Metals rises as Singapore court rejects Poland's set-aside bid

Reuters

01/12

** GreenX Metals GRX.AX jumps as much as 18.4% to A$1.03, highest since March 8, 2024

** Stock marks steepest intraday pct rise since October 9, 2024

** Singapore court dismisses Poland's application to set aside Energy Charter Treaty (ECT) award, upholding co's right to compensation under ECT, miner said after market on Friday

** In October 2024, GreenX got ~£252 mln ($338.2 mln) in compensation and interest in Australia Poland Bilateral Investment Treaty $(BIT)$ award after Tribunal unanimously held Poland breached its obligations under BIT and ECT

** About 641,000 shares traded - 21.4x the 30-day avg - in stock's busiest session since October 9, 2024

($1 = 0.7450 pounds)

(Reporting by Anjali Singh in Bengaluru)

((anjali.singh2@thomsonreuters.com;))

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