Australia's Redstone Resources jumps most in over 10 mths on Galan Lithium JV

Redstone Resources

04/10/2023 01:20

** Shares of Redstone Resources  RDS.AX  jump as much as 50%
to A$0.012, their biggest intraday gain since Nov 21, 2022
    ** The copper miner says it has entered into a joint venture
with Galan Lithium  GLN.AX  to acquire 100% of Taiga, Camaro and
Hellcat Lithium Projects in James Bay Lithium Province, Canada
    ** Says co and Galan have also secured an option to acquire
100% of the PAK East and PAK Southeast Lithium Projects in
Ontario
    ** Shares hit their highest level since April 24 
    ** About 44.9 mln shares exchange hands vs the 30-day
average of 1.7 mln shares
    ** RDS stock flat YTD as of last close 

    

 (Reporting by Echha Jain in Bengaluru)
 ((Echha.jain@thomsonreuters.com))