Adriatic Metals Secures Permits for Tailings Storage Facility Construction in Bosnia and Herzegovina; Shares Up 3%

MT Newswires Live

2024/10/25

Adriatic Metals (ASX:ADT) received all permits for the first phase of the Veovaca tailings storage facility from the Federal Ministry of Energy, Mining, and Industry in Bosnia and Herzegovina, according to a Friday filing with the Australian Securities Exchange.

The facility is planned for construction in two phases, with the initial phase expected to be completed by the end of the year, the filing said.

Shares rose past 3% in morning trade on Friday.

Price (AUD): $4.27, Change: $+0.14, Percent Change: +3.39%

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