Australia's Talga Group jumps on extending deal with Mitsui to develop anode project

Talga

13/12/2021 04:41

** Shares of Talga Group Ltd  TLG.AX  rise as much as 6.7%
to A$1.600, their highest since Nov. 29
    ** The battery firm says it extended its agreement with the
European unit of Japan's trading firm Mitsui & Co  8031.T  to
August next year  urn:newsml:reuters.com:*:nFWN2SW03D
    ** Parties extend deal to continue to advance potential
co-development of Vittangi Anode Project in Sweden via a JV
    ** Adds JV expanded to market, sales and establish
partnerships for TLG's portfolio of lithium-ion battery products
    ** Stock had fallen 7.41% this year, as of last close, vs an
11.9% rise in the ASX All Ordinaries index  .AORD 

 (Reporting by Archishma Iyer)
 ((Archishma.Iyer@thomsonreuters.com;))