Australia's Greenwing Resources rises on deal to buy lithium brine project in Argentina

Greenwing Resources

03/09/2021 06:57

** Graphite miner's shares  GW1.AX  rise as much as 14.3% to
A$0.32, highest since July 15
    ** Greenwing Resources says it has entered an agreement https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02417514-6A1048829?access_token=83ff96335c2d45a094df02a206a39ff4
 to buy Andes Litio SA, which holds an option agreement over the
San Jorge Lithium Brine project in the lithium triangle in South
America
    ** GW1 says the San Jorge project consists of 15 granted
exploration licenses covering 36,600 hectares in Catamarca,
Argentina
    ** San Jorge project now the immediate focus of GW1's
exploration efforts
    ** Company posts biggest intraday pct gain since Aug. 20
    ** About 474,000 shares change hands, vs 30-day avg of
128,000 shares
    ** GW1 set for third straight session of gains; on track to
add 15% over the week, its best since mid-June
    ** Company's shares up about 60% this year, as of last close

 (Reporting by Sameer Manekar in Bengaluru)
 ((Sameer.Manekar@thomsonreuters.com))