Australia's Arizona Lithium up on investment incentive from Cananda project

Prairie Lithium

18/07/2024 04:48

** Shares of Arizona Lithium  AZL.AX  up 10.5% to A$0.021,
on track for their best day since July 3, if gains hold
    ** The lithium explorer says pad 1 at the Prairie Lithium
Project, Canada, has been conditionally approved for an
investment incentive of up to A$21.6 million ($14.55 million) 
    ** Says investment incentive approved under the Saskatchewan
Government's Oil & Gas Processing Investment Incentive Program
(OGPII)
    ** Adds, OGPII will be a crucial component of co's future
funding and development as it advances the development of the
Prairie Lithium Project
    ** Stock has fallen 38.71% this year, as of last close


($1 = 1.4846 Australian dollars)

 (Reporting by Sherin Sunny in Bengaluru)
 ((Sherin.Sunny@thomsonreuters.com))