Australia's Arizona Lithium rises on fund raise via sale of non-core assets

Prairie Lithium

07/10/2024 02:14

** Shares of Arizona Lithium  AZL.AX  rise as much as 9.4%
to A$0.018, their highest since Aug 9
    ** The lithium miner says it has raised A$11 mln ($7.48 mln)
via sale of its non-core assets
    ** The divestment represents a small undeveloped portion in
its Prairie lithium project, AZL says, and adds that sale will
not affect AZL's near-term development plan for the project
    ** Says funds from sale will be used for developing the core
project area
    ** AZL stock down 48.4% YTD
 

   ($1 = 1.4706 Australian dollars)

 (Reporting by Ayushman Ojha in Bengaluru)
 ((Ayushman.ojha@thomsonreuters.com;))