The S&P/ASX 200 Index (ASX: XJO) is ending the week on a positive note. In afternoon trade, the benchmark index is up 0.45% to 8,229.8 points.
Four ASX shares that are rising more than most today are listed below. Here's why they are climbing:
Develop Global Ltd (ASX: DVP)
The Develop Global share price is up almost 5% to $2.07. This morning, this ASX mining stock announced that it is on track to start production at its Woodlawn copper-zinc mine next calendar year. This follows the awarding of a $25.7 million contract to GR Engineering Services Ltd (ASX: GNG) to upgrade and recommission the Woodlawn processing plant. Management notes that Woodlawn is targeting first production and cashflows in mid-2025.
Ioneer Ltd (ASX: INR)
The Ioneer share price is up 11% to 20.5 cents. This follows news that the lithium developer has made significant progress towards the construction of its Rhyolite Ridge Lithium-Boron Project in the United States. This morning, Ioneer revealed that the Bureau of Land Management has published the project's Final Environmental Impact Statement. It concluded that the Rhyolite Ridge Lithium-Boron Project will not jeopardise the Endangered Species Act-listed Tiehm's buckwheat or adversely modify its critical habitat. Executive Chairman, James Calaway, said: "The publication of the Final EIS is a significant milestone for Rhyolite Ridge. This achievement underscores our company's unwavering commitment to environmental stewardship and sustainable development."
Regis Healthcare Ltd (ASX: REG)
The Regis Healthcare share price is up 4% to $6.07. This morning, this aged care provider announced that it has entered into binding agreements to acquire two residential aged care homes from Ti Tree Operations. Regis Healthcare will pay a net consideration of $35.5 million to the privately-owned residential aged care provider for the new assets. The residential aged care homes are located in Capel Sound and Mornington in Victoria, provide a combined 262 beds, and had an average occupancy of 96% in fourth quarter of FY 2024.
Zip Co Ltd (ASX: ZIP)
The Zip share price is up 3% to $2.68. This is despite there being no news out of the buy now pay later provider on Friday. However, it is worth noting that Zip's shares have been on fire of late. And with the tech sector booming today, it isn't surprising to see them rise again. Following today's gain, the Zip share price is now up 26% in a month and 335% since the start of the year.
