Australia's Azure Minerals rises on $13.3 mln investment from US-listed miner

Azure Minerals

13/03/2023 04:53

** Shares of Azure Minerals Ltd  AZS.AX  rise as much as
7.1% to A$0.300, their biggest intraday pct gain since Feb. 13
    ** Mineral explorer says global lithium company Sociedad
Química y Minera de Chile SA  SQMA.SN , via its wholly-owned
subsidiary SQM Australia Pty Ltd (SQM), completed A$20 mln
($13.33 mln) investment to acquire 20.0% interest in Azure
    ** Adds co is using the investment funds for lithium and
nickel exploration in its Andover Project in Western Australia 
    ** More than 889,000 shares change hands, vs the 30-day
average volume of 561,000 shares
    ** Stock has risen 24.4% this year, as of last close
    
  


($1 = 1.5004 Australian dollars)

 (Reporting By Udbhav Krishna P in Bengaluru)
 ((UdbhavKrishna.P@Thomsonreuters.com))