Australia's Patagonia Lithium hits nearly a year high on lithium project investment agreement

Patagonia Lithium

09/01/2026 24:26

** Shares of Australia's Patagonia Lithium PL3.AX jump as much as 29.4% to A$0.11, their biggest intraday pct gain in over two months

** Stock touches its highest level since January 22, 2025

** The mineral explorer says it has signed strategic partnership agreement with Ameerex Corporation for investment in its Formentera lithium project in Argentina

** Ameerex Corporation is a Qatari-owned, U.S.-based co involved in  investments in critical transition minerals

** PL3 down 35.7% in 2025

(Reporting by Aamir Sheik Khalid in Bengaluru)

((Aamir.SheikKhalid@thomsonreuters.com))