Australia's Riversgold rises on proposed buyout of prospective lithium projects

Riversgold

10/03/2022 01:38

** Shares of mineral explorer Riversgold Ltd  RGL.AX  climb
as much as 22.2% to A$0.033, their highest since Sept. 16, 2021
    ** Co signs a binding agreement to acquire EV Minerals Pty
Ltd, which holds the rights to acquire four prospective lithium
tenement applications covering 164 sq km in the Pilbara region
of Western Australia  urn:newsml:reuters.com:*:nASXM5y4z
    ** Shares mark their biggest intraday gain since Jan. 11
    ** More than 3 mln shares trade hands, 3.9 times the 30-day
average of 775,849 shares
    ** As of last close, stock up 58.8% this year

 (Reporting by Himanshi Akhand in Bengaluru)
 ((Himanshi.Akhand@thomsonreuters.com;))