Australia's Lithium Energy gains on deal for battery-grade lithium plant

LE Minerals

20/06/2023 01:59

** Shares of battery metals explorer Lithium Energy  LEL.AX 
rise as much as 9% to A$0.97, best day since May 29 if gains
hold
    ** Co signs a deal with China-based Xi'an Lanshen New
Material Technology over the construction of a battery-grade
lithium plant at LEL's Solaroz project in Argentina
    ** Under the deal, Lanshen will build and initially operate
the plant at its own cost, while Lithium Energy will be
responsible for securing all necessary approvals
    ** Stock has risen 15.6% this year as of last close

 (Reporting by Jaskiran Singh in Bengaluru)
 ((Jaskiran.Singh@thomsonreuters.com;))