Australia's IGO rises after agreeing sale of Nova nickel operations in WA

IGO

15/07/2026 04:00

** Shares of Australia's IGO IGO.AX rise as much as 3.7% to A$6.99, their highest level since July 10
** Stock on track to record its second consecutive day of gains, if the trend holds
** Lithium producer to divest Nova Nickel operations in Western Australia (WA) to Global Lithium Resources GL1.AX> 
** Divestment at a total purchase consideration of A$7 million ($4.89 million)
** Global Lithium intends to utilize Nova's processing facility & infrastructure for processing of pegmatite ore from its Manna Lithium project
** IGO stock has fallen 15.9% this year, including the session's moves
     
     
($1 = 1.4316 Australian dollars)

(Reporting by Roshan Thomas in Bengaluru)
((Roshan.Thomas@thomsonreuters.com;))