Australia's OzAurum Resources eyes record daily gain on lithium project acquisition
15/09/2023 02:12
** Shares of OzAurum Resources OZM.AX rise as much as
290.6% to A$0.125 - set for best day ever, if gains hold
** Gold miner says entered into binding agreement to buy the
Linopolis Jaime hard rock lithium project in Brazil
** Term sheet gives OZM option to acquire project for total
consideration of $800,000 in cash instalments over 24 months
** 8.9 mln shares change hands, compared with the 30-day
average volume of 176,613
** Stock up 130% so far this week in what could be its best
week ever
** Stock at highest level since Sept. 1, 2022
** OZM down 51.5% YTD, as of last close
(Reporting by Adwitiya Srivastava in Bengaluru)
((Adwitiya.Srivastava@thomsonreuters.com;))