Australia's Lightning Minerals gains on agreement to buy lithium projects

Lightning Minerals

11/08/2023 02:26

** Shares of Lightning Minerals  L1M.AX  up 9.1% at A$0.18 -
set for best day since July 13, if gains hold
    ** Mineral explorer says entered into a binding letter of
intent for purchase agreement with Lithium Rabbit Quebec Pty
    ** Says agreement to acquire Dalmas and Hiver projects in
the lithium region of James Bay, Quebec, Canada
    ** Stock at its highest level since Aug 4
    ** Stock up 6% YTD, as of last close 
 

 (Reporting by Ayushman Ojha in Bengaluru)
 ((Ayushman.ojha@thomsonreuters.com;))