Australia's Pioneer Lithium soars on acquiring rare-earth project in Brazil

Pioneer Minerals

04/04/2024 24:47

** Shares of Pioneer Lithium  PLN.AX  rise as much as 27.6%
to A$0.185, on track for best day since Nov. 29, 2023, if gains
hold  
    ** Stock hits highest level since Jan. 18
    ** Lithium explorer acquires Verde Valor project in Brazil
with potential for rare-earth deposits 
    ** Co considers cost of staking project tenement
applications to be immaterial 
    ** Stock down 27.5% YTD, as of last close

 (Reporting by John Biju in Bengaluru)
 ((John.Biju@thomsonreuters.com;))