Australia's Lithium Energy jumps on Queensland graphite asset sale

LE Minerals

26/05/2026 06:40

Corrects  bullet point 3 to mention stock is down 8.1% year-to-date, not on the day

** Shares of Lithium Energy LEL.AX advance as much as 11.48% to A$0.34, posting their biggest intraday pct gain in nearly four weeks

** Lithium miner strikesA$20 million ($14.31 million) divestment deal for its Queensland graphite assets with M Battery Materials

** Stock down 8.1% YTD

($1 = 1.3972 Australian dollars)

(Reporting by Kumar Tanishk in Bengaluru)

((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk http://www.x.com/thatstanishk;))