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How to buy shares in Summit Minerals

Summit Minerals joins the increasingly large portfolio of battery metal explorers on the stock exchange.

The latest company to join the local bourse is Summit Minerals $SUM following an AUD$8m raise at 20c a share.

The group has a string of projects across Australia, with an initial focus on its Stallion rare earth element-uranium and Phillips River lithium play in Western Australia.

Its two other projects are lithium tenements near Bridgetown and a large antimony position In New South Wales.

Currently the government in Western Australia does not allow for development of new uranium mines, however Summit’s Stallion project will be permitted

The area, located northeast of Kalgoorlie, is an extension of a previous project which has a uranium deposit as well as other minerals.

The company’s largest project is in Windfall, New South Wales and covers over 200sqkm of ground close to Red River Resources.

Summit is looking for gold in this location where past exploration has previously found mineralisation.

Sign up to Stake to buy Australian shares and access Summit Minerals $SUM.

ICYMI: do your own research and make your own decisions. This article drills down on a specific company, however it is not a recommendation to invest in the company and should not be taken as financial advice.

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