S&P/ASX 200 gains 0.92% following a strong session in the US on Tuesday
In Japan, the Nikkei 225 led gains among Asia’s major markets as it rose 1.3% while the Topix index advanced 1.42%. Bitcoin fell again on Tuesday, breaking below the critical US$30,000 level.
S&P/ASX 200 (INDEXASX:XJO) gained 0.92% to 7,319 points by about 12.50 pm, reclaiming its losses from the past two days following a strong overnight session in the US.
The Dow Jones Industrial Average in the US jumped more than 500 points, mostly recovering from its Monday plunge.
NSW has recorded 110 new local COVID-19 cases in 24 hours off the back of a record 84,000 tests.
Sovereign Metals receives strong validation of rutile project as Sprott lifts stake
The Toronto-based asset management firm has increased its holding to 10.41% through on-market purchases and placement participation. The substantial shareholder was a key player in the company’s $8 million placement.
Sovereign Metals Limited (ASX:SVM) (FRA:SVM) has received strong validation of its strategy focused on the Kasiya Rutile Project in Malawi with substantial shareholder Sprott Inc (TSE:SII) (NYSE:SII) (FRA:A781) lifting its holding to 10.41%.
The prominent Toronto-based asset management firm with a track record of identifying and funding successful early-stage resource projects across the globe now holds more than 43 million shares.
Sovereign Metals (ASX:SVM) appoints Head of Development for Kasiya themarketherald.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from themarketherald.com.au Daily Mail and Mail on Sunday newspapers.
Sovereign Metals appoints mineral sands industry veteran to drive rutile project towards development
The appointment of Paul Marcos as head of development underpins Sovereign’s commitment to rapidly advance the Kasiya Project in Malawi, which is regarded as one of the world’s largest undeveloped rutile projects. “Attracting individuals of this calibre to the Sovereign team is a huge endorsement of the Kasiya Project,” says MD.
Sovereign Metals Limited (ASX:SVM) (FRA:SVM) has appointed Paul Marcos, an engineering and consulting expert with considerable mineral sands experience, as head of development for the Kasiya Rutile Project in Malawi.
According to the company, Marcos’ appointment will bring deep mineral sands metallurgical processing, engineering and operations expertise.