Australia's Odessa Minerals up on lithium, rare earth mining license buy

Odessa Minerals

07/10/2022 04:22

** Shares of Odessa Minerals  ODE.AX  jump as much as 22.2%
to A$0.022, their best intraday session since Sept. 12
    ** Says it exercised exclusive option to acquire an
exploration license for a lithium and rare earth elements (REE)
tenement, upon completing technical due diligence  urn:newsml:reuters.com:*:nASXkw1mS 
    ** Odessa had signed a binding agreement with Historic Gold
Mines Pty Ltd in September to buy the exploration license
    ** Stock hits highest level since Sept. 20
    ** As of last close, ODE down 14.3% since trading resumed on
Jan. 18 after an about 6-month suspension
 (Reporting by Harshita Swaminathan)
 ((Harshita.Swaminathan@thomsonreuters.com))