Australia's Loyal Lithium hits 6-week high after consolidation of flagship project

Loyal Metals

13/12/2024 01:16

** Shares of Loyal Lithium  LLI.AX  rise as much as 8.7% to
A$0.125, their highest since Nov. 1
    ** Co is set to consolidate its Hidden Lake Lithium Project,
with Canadian lithium explorer Patriot Battery Metals  PMET.TO 
becoming a substantial co shareholder
    ** 136,870 shares change hands, compared with the 30-day
average volume of 130,620 shares
    ** Co has also secured A$6 million in funding to advance its
Canadian lithium assets
    ** Stock has fallen 62.9% this year, as of last close

 (Reporting by Nichiket Sunil in Bengaluru)
 ((Nichiket.Sunil@thomsonreuters.com))