Australia's Arizona Lithium rises on agreement with US firm

Prairie Lithium

11/03/2024 02:27

** Shares of Arizona Lithium  AZL.AX  rise as much as 12.5%
to A$0.027, their biggest intraday gain since March 1
    ** Lithium explorer says it has signed a binding Mining
Services Agreement for Big Sandy with Navajo Transitional Energy
Company (NTEC), a unit of American firm Navajo Nation
    ** Under the agreement, NTEC will be responsible for
managing the permitting requirements, additional exploration
drilling, mine design, environmental assessments, and
development, among others for the Big Sandy Lithium Project in
Arizona
    ** Stock down ~23% YTD

 (Reporting by Neha Soni in Bengaluru)
 ((Neha.Soni@thomsonreuters.com))