Hannans surges on agreement for proposed UK lithium battery recycling operation

Redivium

19/04/2023 04:45

** Shares of Hannans Ltd  HNR.AX  rise as much as 25% to
A$0.015, their highest since Feb. 24
    ** Mineral explorer announces signing of a binding market
development agreement between Hannans BatRec (unit of co) and
G&P Battery Recycling Ltd in United Kingdom (UK) 
    ** Adds agreement for lithium-ion battery (LIB) supply for
potential LIB recycling operations in UK  
    ** Stock posts its biggest intraday pct gain since March 22
    ** More than 4.6 mln shares change hands, vs the 30-day
average volume of 2.0 mln shares
    ** Stock has fallen 36.8% this year, as of last close
    
  

 (Reporting By Udbhav Krishna P in Bengaluru)
 ((UdbhavKrishna.P@thomsonreuters.com))