Australia's Intra Energy rises on expansion of Canada project

Breakthrough Minerals

25/09/2023 03:15

** Shares of Intra Energy Corporation Ltd  IEC.AX  rise as
much as 20% to A$0.006, on track for their best day since Sept
15, if gains hold 
    ** Mineral explorer enters binding agreement to acquire 100%
ownership of 12 mineral claims adjacent to co's existing Llama
Lithium project in Quebec, Canada
    ** Says new claims have been acquired from Canadian Mining
House
    ** Latest acquisitions from Canadian Mining House will
increase total ground coverage to 75km2 for the Llama Lithium
Project - co 
    ** Says acquisition for a cash payment of C$120,000 
($88,974.57) and issue of 40 mln fully paid ordinary shares in
IEC
    ** IEC down 37.5% YTD as of last close 
   


($1 = 1.3487 Canadian dollars)

 (Reporting by John Biju in Bengaluru)
 ((John.Biju@thomsonreuters.com;))