Australia's American Pacific Borates hits 4-month high on mulling tie-up

ABR Holdings

13/09/2021 05:05

** Shares of Australia's American Pacific Borates  ABR.AX 
rise as much as 13.73% to A$1.615 as co says it is exploring
partner options 
    ** Stock hits highest since May 13
    ** ABR looking at partner options for potential by-product
lithium production from its Fort Cady Integrated Boron Facility
in Southern California, U.S.  urn:newsml:reuters.com:*:nASX1c2Nmp 
    ** Fort Cady estimated to contain 214,000 tonnes of lithium
carbonate equivalent
    ** Co exploring partner options so its focus can remain on
the boron specialties business, among other reasons
    ** Stock posts biggest intraday percentage rise since July 2
    ** About 1.7 mln shares change hands vs 30-day average of
about 554,000 shares 
    ** ABR down 5.96% so far this year, as of Monday's close 
    


 (Reporting by Harshita Swaminathan in Bengaluru)
 ((Harshita.Swaminathan@thomsonreuters.com))