Australia's Sovereign Metals gains after IFC deal to fund Malawi project
ReutersDec 16, 2025 4:32 AM
Shares of Australia's Sovereign Metals SVM.AX rise as much as 5.2% to A$0.51
Diversified miner says it has signed strategic collaboration agreement with World Bank member International Finance Corporation (IFC), to advance sustainable development of co's Kasiya Rutile-Graphite Project
Co says IFC to obtain rights for debt financing of project as part of agreement
Kasiya Rutile-Graphite Project is a titanium dioxide and graphite mining deposit in Malawi, Africa
Stock down 32.8% YTD, including day's moves
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