Australia's Lepidico eyes best day in a month on talks to sell chemical products

Lepidico

04/10/2021 03:36

** Shares of the mineral explorer  LPD.AX  rise as much as
14.3% to A$0.024, marking their biggest intraday pct gain since
Sept. 1
    ** Co says is in discussion with eight potential buyers for
its lithium and caesium products  urn:newsml:reuters.com:*:nASX3pZyzh
    ** Adds it has already prioritised discussions with three
groups based on their potential as long-term partners
    ** Expects to finalise binding offtake terms for lithium and
caesium products from its Phase 1 plant this quarter 
    ** LPD stock at their highest since Sept. 28 
    ** As of Friday's close, stock had more than doubled in
value this year

 (Reporting by Himanshi Akhand in Bengaluru)
 ((Himanshi.Akhand@thomsonreuters.com;))