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BUZZ-Australia's Amaero International gains after securing $23.5 million loan

ReutersJan 9, 2025 3:21 AM

** Shares of Australia's Amaero International 3DA.AX rise as much as 6.1% to A$0.350, highest since early December

** Titanium powder producer announces that its unit has secured a direct loan of $23.5 million (A$37.8 million) from U.S. Export-Import Bank, based on an exchange rate of $0.621

** The U.S. federal government export credit agency will provide capital equipment financing and will directly fund the loan as part of the bank's Make More in America initiative

** 1.1 mln shares change hands, 2.3 times compared with the 30-day average volume of 476,740

** Stock rose 4.2% in 2024

(Reporting by Manasi Dasa Sundeep in Bengaluru)

((Manasi.DasaSundeep@ThomsonReuters.com))

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