Australia's Encounter Resources hits two-month high on record niobium discovery

By Reuters News04:06 (UTC), 17 September 2026 Updated

** Shares of Encounter Resources ENR.AX rise as much as 18.4% to A$0.290, hitting their highest level since July 3

** Stock logs its biggest intraday pct gain since August 25

** The diversified miner reports its highest-grade niobium intercept to date at the Aileron project in Western Australia

** Around 1.8 mln shares change hands, nearly 2.7x 30-day average

** YTD, stock down 26.3%, including the day's moves

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