Australia's Critical Resources rises on lithium finds at Canada project

Critical Resources

17/05/2022 03:18

** Shares of base metal explorer Critical Resources  CRR.AX 
rise as much as 13.7% to A$0.083, their biggest intraday pct
gain since April 28
    ** Co finds visual spodumene-bearing pegmatites in four more
drill holes at its Mavis Lake Lithium Project in Ontario, Canada
 urn:newsml:reuters.com:*:nASX2nwPnB
    ** Spodumene is a source of lithium, whose demand has risen
in recent times due to its application in making batteries for
electric vehicles
    ** Shares hit their highest since May 9
    ** As of last close, stock up 92.1% this year
    

 (Reporting by Himanshi Akhand in Bengaluru)
 ((Himanshi.Akhand@thomsonreuters.com;))