Australia's Atlantic Lithium set for best week in three on buy-out deal

Atlantic Lithium

08/05/2026 04:30

** Atlantic Lithium A11.AX gains 3.2% to A$0.325

** Stock closed 12.5% higher on Thursday after co agreed to be bought out by China's Zhejiang Huayou 603799.SS

** Deal values lithium miner at $210 million

** Stock set for best week in three

** YTD, A11 up 47.7%

 (Reporting by Shruti Agarwal in Bengaluru)

 ((Shruti.Agarwal@thomsonreuters.com))