BUZZ-Australia's GreenX Metals climbs to near 4-month high on winning arbitration case against Poland

Reuters2024-10-09

** Shares of critical metals explorer GreenX Metals rise as much as 35.3% to A$0.920, their highest since mid-June

** Stock set for best day since December 2022, if gains hold

** Co says it has been awarded 252 mln euros ($276.57 mln) in compensation by the tribunal after successful outcome of international arbitration claims against Poland

** Says the tribunal held that the Republic of Poland breached its obligations under Australia-Poland Bilateral Investment Treaty $(BIT)$ and Energy Charter Treaty in relation to Jan Karski coal project

** Trading volumes nearly 12 times the 30-day average of 25,339 shares

** As of last close, stock was down 26.5% YTD

($1 = 0.9112 euros)

(Reporting by Himanshi Akhand in Bengaluru)

((Himanshi.Akhand@thomsonreuters.com;))

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