BUZZ-Australia's Tempest Minerals gains on MOU with Green Steel And Iron

Reuters

02-07

BUZZ-Australia's Tempest Minerals gains on MOU with Green Steel And Iron

** Shares of Tempest Minerals TEM.AX rise 20% to A$0.006

** Stock hit its highest level since October 24, 2024

** The mineral explorer signs a memorandum of understanding with Western Australian developer Green Steel And Iron

** Says MOU to explore potential development opportunities for co's Remorse magnetite deposit in WA, for producing high-grade magnetite concentrate for use in green steelmaking processes

** About 2.9 million shares change hands, 4.8 times the 30-day average of shares

(Reporting by Sherin Sunny in Bengaluru)

((Sherin.Sunny@thomsonreuters.com;))

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