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Metals Australia rises on grant funding for graphite plant

ReutersMar 6, 2025 4:28 AM

Shares of Metals Australia MLS.AX rise 5.3% to A$0.02

Stock set for their best trading session since mid January, if current gains hold

Mineral explorer says its Canadian unit receives C$600,000 ($418,702.02) in grant funding from Quebec Ministry of Natural Resources and Forests

Funding to be used for research and development of its Lac Carheil Flake graphite concentrate plant in Quebec

Stock down 13% YTD, including current session's moves

($1 = 1.4330 Canadian dollars)

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