Australia's Summit Minerals gains on buying lithium project in Canada

Sun Summit Minerals

13/07/2023 04:44

** Shares of Summit Minerals rise as much as 12.5% to
A$0.180, their highest since May 30
    ** Mineral exploration co says it has signed a binding term
sheet to acquire 80% of the Castor Lithium Project in James Bay
Region of Québec, Canada
    ** Co says the project is within the northern portion of the
Yasinski Lake Greenstone Belt and hosts several mapped pegmatite
occurrences
    ** SUM stock up 3.2% YTD, as of last close 
 

 (Reporting by Ayushman Ojha in Bengaluru)
 ((Ayushman.ojha@thomsonreuters.com;))