Australia's Li-S Energy hits nearly 11-month high on deal with defence firm

Li-S Energy

09/10/2025 04:14

** Li-S Energy LIS.AX jumps as much as 11.4% to A$0.195, highest since November 19, 2024; set for fifth straight session of gains

** Stock marks biggest intra-day pct gain since July 11

** Lithium-sulphur battery developer signs collaboration agreement with defence firm Praetorian Aeronautics

** Under deal, co's batteries will power Praetorian's autonomous unmanned aerial systems to advance Australia's sovereign defence capabilities

** About 1.7 mln shares traded, 6.6x the 30-day average

** YTD, LIS gains 40.7%

 (Reporting by Ananya Verma in Bengaluru)

 ((ananya.verma@thomsonreuters.com;))