Australia's Gold Mountain eyes best day in 9 mths on Brazil lithium expansion
19/06/2023 04:43
** Shares of Gold Mountain Ltd GMN.AX soar as much as
42.9% to A$0.005, on track for their biggest intraday pct gain
since Sept. 2022
** Co says it has reached an agreement with Mars Mines Ltd
to expand the current Mars Joint Venture in Brazil by acquiring
75% stake in all of Mars' current holdings
** Says acquisition includes highly prospective battery
metals tenements in Central and North East Brazil
** Shares hit their highest level since March 16
** More than 25.7 mln shares change hands versus the 30-day
average volume of ~4.5 mln shares
** Stock down 50% this year, as of last close, vs a 3.02%
increase in the benchmark S&P/ASX 200 index .AXJO
(Reporting by Roushni Nair in Bengaluru)
((Roushni.Nair@thomsonreuters.com;))