Australia's Hannans rises most in over 9 months on grant for lithium project

Redivium

27/11/2023 04:33

** Shares of Hannans Ltd  HNR.AX  rise as much as 28.6% to
A$0.009, biggest intraday pct jump since Feb. 24
    ** Stock at its highest level since Sept. 25
    ** Mineral explorer announces award of European grant for
lithium ferrous phosphate (LFP) battery recycling project,
ReLiFe, in northeastern Greece
    ** Adds, project aims to establish a pilot recycling plant
for recovering lithium carbonate, among others from end-of-life
and scrap LFP batteries
    ** HNR is represented in the project by its consultant
Greenhouse Investment Group
    ** 5.9 mln shares change hands, vs the 30-day average volume
of 2.0 mln
    ** Stock has fallen 63.2% this year as of last close

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