Australian miner Hannans up on lithium battery recycling deal

Redivium

30/11/2021 03:57

** Shares of nickel and gold explorer Hannans Ltd  HNR.AX 
jump as much as 27% to A$0.047, marking biggest intraday jump
since Oct 8
    ** In its first foray into the lithium battery recycling
sector, HNR signs an MoU to recover high purity metals from
scrap and end-of-life lithium batteries in Norway, Sweden,
Denmark, and Finland  urn:newsml:reuters.com:*:nASX8Pyx71
    ** Says the volumes of flammable toxic scrap and spent
lithium batteries are forecast to grow exponentially
    ** Lithium is gaining huge market interest as it is a key
component in making batteries used for electric vehicles
    ** Stock hits highest since Nov 18
    ** About 27.2 mln shares change hands vs 30-day avg volume
of 17.4 mln
    ** Stock has risen over seven times in value this year, as
of last close

 (Reporting by Yamini C S)
 ((Yamini.CS@thomsonreuters.com;))