Australia's Intra Energy set for best day in 2-1/2 years on new Canada lithium project

Breakthrough Minerals

18/05/2023 02:30

** Shares of Intra Energy Corporation Ltd  IEC.AX  climb as
much as 100% to A$0.01, on track for their best day since Dec
29, 2020, if gains hold 
    ** The coal miner signs binding agreement to acquire 100% of
the Llama lithium project located in the prolific James Bay
Region of Québec, Canada
    ** Says the project is acquired from DG Resource Management
    ** Stock hits highest since Sept 7
    ** More than 28.6 mln shares change hands, 27 times the
30-day average volume 
    ** Stock down 37.5% this year, as of last close


 (Reporting by Poonam Behura in Bengaluru)
 ((Poonam.Behura@thomsonreuters.com;))