Australia's Recharge Metals set for best day in 5 months on lithium project acquisition

Recharge Metals

15/03/2023 24:17

** Shares of Recharge Metals  REC.AX  rise as much as 40.9%
to A$0.155, set to mark their best day since Oct 14, if gains
hold
    ** The copper explorer enters into binding agreement to
acquire Express Lithium project in Quebec, Canada
    ** Co to raise A$2.5 mln ($1.67 mln) to fund the acquisition
and exploration activities over next 12 months
    ** Stock hits highest since Jan 25
    ** More than 580,000 shares have changed hands, compared
with the 30-day average of about 104,000 shares 
    ** REC down ~18.5% this year, as of last close 
    

     ($1 = 1.4957 Australian dollars)

 (Reporting by Upasana Singh in Bengaluru)
 ((Upasana.Singh@thomsonreuters.com))