Australia's Green Technology climbs to 4-1/2-month high on two deals

Lac Gold

24/10/2022 24:59

** Shares of Australia's Green Technology Metals  GT1.AX 
gain as much as 7.8% to A$0.9, their highest since June 9
    ** The explorer announces that it has formally executed a
deed with Landore Resources Canada Inc to purchase and
extinguish 50% of the 3% net smelter royalty (NSR) interest over
the Root Project in Ontario  urn:newsml:reuters.com:*:nASXy35Rp
    ** Co further announces that it has executed a binding
agreement with Ardiden  ADV.AX  to purchase residual 20%
free-carried interest in the Ontario lithium projects, held by
Ardiden  urn:newsml:reuters.com:*:nASX2gw0Pw
    ** Says maximum purchase prize for deal with Ardiden will be
A$18.5 mln ($11.80 mln)
    ** Green Technology stock posts its biggest intraday pct
gain since Sept 20
    ** Stock up 59.6% this year, as of last close
    ** Ardiden shares rise as much as 6.7%, their highest since
Oct 18
    ($1 = 1.5672 Australian dollars)
 (Reporting by Rishav Chatterjee in Bengaluru)
 ((Rishav.Chatterjee@thomsonreuters.com;))