BUZZ-Australia's Star Minerals rises on mining deal, capital raise
Reuters
Nov 13, 2025
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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