Australia's Arizona Lithium rises on $1.25 mln investment in South Dakota Co

Prairie Lithium

07/11/2022 24:46

** Shares of Arizona Lithium Ltd  AZL.AX  rise as much as
3.8% to A$0.082, their biggest intraday pct gain since Oct 26
    ** Australia-based exploration co says  it will invest
$1.25m into Midwest Lithium ("Midwest"), a lithium exploration 
company with projects in South Dakota, USA  urn:newsml:reuters.com:*:nASX5thQff
    ** Co adds it will become the largest, non-founding,
shareholder in Midwest
    ** Co further adds investment provides AZL with exploration
upside through exposure to Midwest's exploration programs 
    ** Stock posts its highest since Oct 31
    ** Stock has fallen 24.8% this year as of last close
 (Reporting By Udbhav Krishna P in Bengaluru)
 ((UdbhavKrishna.P@Thomsonreuters.com))