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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
Sovereign Metals shares jumped 10% following the confirmation of the definitive feasibility study for the Kasiya project in Malawi, which showed a pre-tax net present value (NPV) of $2.2 billion. The study was completed with technical oversight from Rio Tinto Ltd. The project is projected to generate annual free cash flow of $452 million over a 25-year mine life.