The Carpentaria Resources Ltd (ASX: CAP) share price is 21% higher after the company provided a positive announcement in regards to its Hawsons Iron Project.
Why the Carpentaria (ASX:CAP) share price is rocketing 54% today
Aaron Teboneras | May 12, 2021 2:47pm |
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Carpentaria Resources Ltd(ASX: CAP) share price is one of the best performers on the ASX today. This comes after the company announced an update to acquire an interest in the Hawsons Iron Project.
At the time of writing, the miner’s shares are swapping hands for 7.1 cents apiece, up an astonishing 54.3%.
What did Carpentaria announce?
Investors are pushing Carpentaria shares higher following the company’s passing of certain obstacles that held up the Hawsons Project sale.
According to its release, Carpentaria advised it has finally reached an agreement with Pure Metals. While the details were kept under wraps, Carpentaria will acquire a 24.149% interest in the Hawsons Iron Project. In return, the company will issue Pure Metals 90.8 million Carpentaria shares.