Australia's Alderan Resources soars on lithium projects acquisition in Brazil

Hawk Resources

20/09/2023 02:19

** Shares of Alderan Resources  AL8.AX  rise as much as 75%
to A$0.014 - set for best day since June 3, 2020, if gains hold
    ** Gold miner says it will acquire seven lithium exploration
projects in Brazil
    ** Projects consist of 24 granted exploration licences
covering 472 sq km in Brazil's Eastern Lithium Belt
    ** Stock hits highest level since July 11, 2022
    ** Around 28.8 mln shares change hands, compared with the
30-day average volume of 622,136
    ** Stock up 14.3% YTD, as of last close

 (Reporting by Adwitiya Srivastava in Bengaluru)
 ((Adwitiya.Srivastava@thomsonreuters.com;))