Australia's Lithium Energy rises on CNGR receiving approval to buy lithium project

LE Minerals

03/06/2024 02:03

** Shares of battery minerals explorer Lithium Energy
 LEL.AX  up 8.54% to A$0.445, on track for best day since
early-May
    ** Stock rose as much as 12.2% earlier in the session
    ** Co says CNGR Advanced Material  300919.SZ  secured
Chinese regulatory approvals to acquire its Solaroz Lithium
Project in Argentina
    ** Co had announced the sale of the project to a unit of
CNGR for $63 mln in early May
    ** Stock has fallen 28.7% this year, as of last close

 (Reporting by Sherin Sunny in Bengaluru)
 ((Sherin.Sunny@thomsonreuters.com))