Sovereign jumps on graphite acquisition

SHARES in Queensland explorer Sovereign Metals have soared more than 70% this morning after it announced it would acquire McCourt Mining, owner of the Central Malawi graphite project.

Sovereign jumps on graphite acquisition Sovereign jumps on graphite acquisition Sovereign jumps on graphite acquisition Sovereign jumps on graphite acquisition Sovereign jumps on graphite acquisition

Coming out of a trading halt today, Sovereign said it has entered into an agreement for the purchase of McCourt, which is subject to shareholder approval and due diligence.

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