Australia's Atlantic Lithium rises most in over 4 months after FIRB approval for buyout
17/09/2026 02:37
BUZZ-Australia's Atlantic Lithium rises most in over 4 months after FIRB approval for buyout ** Shares of Atlantic Lithium A11.AX rise as much as 5.4% to A$0.295, their biggest intraday pct gain since May 7
** The lithium explorer receives an approval from Australia's Foreign Investment Review Board (FIRB) for its proposed takover by Zhejiang Huayou Cobalt 603799.SS
** Company says its board continues to recommend shareholders vote in favour of the scheme in the absence of a superior proposal
** More than 880,000 shares change hands, about 1.7x the 30-day average
** YTD, stock up 34.1%, including session's moves
(Reporting by Subhalakshmi Dey in Bengaluru)