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Mount Ridley Mines surged 660% after confirming a major gallium resource in Western Australia, boosting Australia’s critical mineral ambitions.
Mount Ridley Mines surged 660% to 3.8 cents after confirming a major 24,584-tonne gallium resource in Western Australia, one of the world’s largest outside China, based on re-evaluated historical data.
The discovery, part of an 838.7 million tonne deposit, strengthens Australia’s push for critical mineral independence amid global supply concerns, especially for semiconductors and clean tech.
The company raised $830,000 at 0.2 cents, fueling investor interest.
Meanwhile, Eden Innovations jumped 107% to 8.7 cents on $700,000 in new orders for its diesel-reducing OptiBlend generator kits, boosting its backlog to $467,000.
Both firms benefited from rising demand in AI and data center infrastructure, despite market caution ahead of U.S. rate decisions and U.S.-China trade talks.
Las minas de Mount Ridley aumentaron un 660% después de confirmar un importante recurso de galio en Australia Occidental, impulsando las ambiciones minerales críticas de Australia.