Australia's Arizona Lithium jumps on exploration permit nod for US project

Prairie Lithium

11/06/2024 03:35

** Shares of Arizona Lithium  AZL.AX  rise as much as 13.6%
to A$0.025, posting their biggest intraday percentage gain since
April 29
    ** Stock hits its highest level since May 27
    ** Lithium explorer says it has received approval from the
U.S. Bureau of Land Management for Permit of Exploration at its
Big Sandy Lithium Project in Arizona
    ** Says drilling will begin at project in July
    ** About 27.3 mln shares change hands, compared with the
30-day average volume of around 4.5 mln
    ** Stock down 29% YTD, as of last close

 (Reporting by Aaditya Govind Rao in Bengaluru)
 ((Aaditya.govindrao@thomsonreuters.com;))