Australia's Minrex Resources jumps most in over 9 mths on expanding lithium portfolio

Northstone Resources

17/11/2021 01:14

** Shares of gold and base metals explorer Minrex Resources
Ltd  MRR.AX  rise as much as 31.8% to A$0.029, their biggest
intraday pct gain since Feb. 2
    ** Co to acquire Odette Five Pty Ltd which holds exploration
ground in the Pilbara region highly prospective for
Lithium-Tin-Tantalum  urn:newsml:reuters.com:*:nASX8DsYzK
    ** Co to pay through 86.4 mln of its shares at a deemed
issue price of A$0.018
    ** Stock at its highest since May 18
    ** About 49.4 mln shares change hands, over 38 times the
30-day avg volume of 1.3 mln
    ** Stock has risen 10% this year as of last close

 (Reporting by Yamini C S)
 ((Yamini.CS@thomsonreuters.com;))