Mining company Murchison Metals (ASX:MMX) shares continued to rise sharply today.
The company announced on June 11 announcement that Crosslands Resources Ltd – Murchison Metals owns 50% of Crosslands - had secured letters of intent from steel mills in China, Korea and Japan to purchase over 50 million tones of iron products from the Jack Hill’s Expansion project.
This has to be a nice shot in the arm for Crossland’s new CEO Andrew Caruso who was appointed as the new company head on June 2.
Shares in Murchison have jumped over 20% since the beginning of the month from $1.89 to $2.33.
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