Australia's Marquee Resources lifts on South Nevada project update

Marquee Resources

20/10/2022 03:36

** Shares of Australia's Marquee Resources  MQR.AX  rise as
much as 9.7% to A$0.07, their highest since Sept. 21
    ** The lithium miner provides update on the completion of
earn-in agreement and on exploration program at Kibby Basin
Lithium Project in Nevada 
    ** Confirms that co has now completed the required minimum
spend of C$2.5 million ($1.81 million) at the Kibby Basin
Project
    ** Adds that it has issued the required cash and share
payments to minerals explorer Belmont Resources  BEA.V  under
the earn-in agreement announced in March 
    ** Stock posts its biggest intraday pct gain since Sept 8
    ** Stock has fallen 54.1% this year, as of last close
($1 = 1.3796 Canadian dollars)
 (Reporting by Rishav Chatterjee in Bengaluru)
 ((Rishav.Chatterjee@thomsonreuters.com;))