Australia's Forrestania jumps on acquiring stake in lithium project in Canada

Forrestania Resources

08/05/2023 03:52

** Shares of Australia's Forrestania Resources Ltd  FRS.AX 
rise as much as 10.4% to A$0.085; eyes best day since April 14,
if current gains hold  
    ** Stock hits highest since April 20
    ** The mining co says co has signed agreement with ALX
Resources Corp to earn a 50% interest in the Hydra Lithium
Project located in northern Quebec, Canada
    ** FRS has fallen 45% this year, as of last close

 (Reporting by Nausheen Thusoo in Bengaluru)
 ((Nausheen.Thusoo@thomsonreuters.com;))