Australia's Latin Resources rises on offtake interest in Salinas lithium project

Latin Resources

30/10/2023 24:20

** Shares of Australian diversified miner Latin Resources
 LRS.AX  rise as much as 2% to A$0.260
    ** Co says it has received numerous offtake inquiries from
key battery manufacturers and leading trading companies for its
flagship Salinas lithium project in Brazil
    ** Says has commenced an offtake process to formally assess
proposals and related project financing opportunities
    ** Says offtake process will run in parallel with key
workstreams necessary to support the final investigation
decision for Salinas by the end of 2024
    ** Stock up 160.2% this year, as of last close, vs a 3%
decline in the benchmark S&P/ASX 200 index  .AXJO  

 (Reporting by Roushni Nair in Bengaluru)
 ((Roushni.Nair@thomsonreuters.com;))