BUZZ-Australia's ABx Group rises on securing investments for bauxite projects
Reuters
Sep 12, 2025
BUZZ-Australia's ABx Group rises on securing investments for bauxite projects
** Shares of ABx Group ABX.AX rise as much as 8.6% to A$0.076, their largest intraday pct gain since September 4
** The material-focused technology firm says it has executed agreements with private entity Good Importing International $(GII)$ to develop its bauxite projects
** Says GII to invest up to A$5.4 million ($3.60 million) to secure up to 75% interest in co's Sunrise project in Queensland
** Adds GII to have nine-month exclusive option to invest A$4.8 million to acquire 75% interest in co's Taralga and Penrose projects in New South Wales
** Stock up 82.9% YTD, including the day's moves
($1 = 1.5017 Australian dollars)
(Reporting by Nikita Maria Jino in Bengaluru)
((Nikita.Jino@thomsonreuters.com;))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.