Australia's Minerals 260 hits nearly 2-1/2-year high on receiving funding package
ReutersFeb 22, 2026 11:48 PM
Shares of Minerals 260 MI6.AX jump as much as 33.3% to A$0.56, highest since September 18, 2023
Stock marks strongest intraday pct gain since July 11, 2022
Diversified miner signs A$220 mln ($156.00 mln) strategic funding package with Franco-Nevada Corp FNV.TO for onshore Bullabulling Gold Project
Under deal, Franco-Nevada Australia to increase its total royalty over the project to 2.45% from 1%
About 11.1 mln shares change hands, 1.6x the 30-day avg volume of 7 mln shares
YTD, stock up 27.4%, including the day's moves
($1 = 1.4102 Australian dollars)
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