Galileo Resources PLC (LON:GLR) shares rose on Wednesday after the firm inked a marketing agreement with Swiss trading company ZopCo concerning the potential sale of zinc willemite ore from its Star Zinc project in Zambia.
AIM-listed Galileo said the appointment is on a global basis and a number of potential off-take agreements are being finalised.
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"We are pleased to have entered into a marketing agreement with ZopCo who have extensive market knowledge, and expertise. We have taken this decision to extend our options on the marketing of product from the Star Zinc project in what appears to be a rising zinc market", Galileo’s chairman and chief executive Colin Bird said in a statement.
Shares in the firm jumped 5.8% to 0.9p in mid-morning trading.
