BUZZ-Australia's American Rare Earths, Anson Resources gain on US funding

Reuters
24 Sep 2024

** Shares of American Rare Earths rise 13.7% to A$0.29, set for best day since Aug 12 if current gains hold

** Anson Resources gains as much as 5.2% to A$0.081

** The companies say the United States has backed their projects with up to $786 mln in debt funding

** American Rare Earths says it received letter of interest for a debt funding package of up to $456 mln to support construction at its Halleck Creek Project

** Anson Resources says it got $330 mln to finance the construction of lithium production plant in Utah

** ASN stock down 44.2% YTD, while ARR up ~82% so far this year

(Reporting by Ayushman Ojha in Bengaluru)

((Ayushman.ojha@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.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10