Australia's Lake Resources jumps on lithium assets sale

Lake Resources NL

12/11/2024 23:48

** Shares of Lake Resources  LKE.AX  rise 7.6% to A$0.057,
set for their best session since Oct. 18 - if current gains hold
    ** Specialty miner has entered into asset sale agreement
with U.S.-based private firm Austroid Corp for $9 mln
    ** Co to sell three non-core lithium brine assets in
Argentina
    ** Says funds from sale to support progress of co's Kachi
project in Argentina
    ** Stock down 56.2% YTD, including current session's moves

 (Reporting by Nikita Maria Jino in Bengaluru)
 ((Nikita.Jino@thomsonreuters.com;))