Australia's Talga Group jumps on favourable permit litigation outcome

Talga

01/09/2023 04:30

** Shares of battery materials supply chain co Talga Group
 TLG.AX  rise as much as 14.8% to A$1.395, highest level since
July 20
    ** Co says appeals court rejected requests from multiple
parties to appeal a decision to grant permit for co's Nunasvaara
mine in northern Sweden
    ** The Swedish Land and Environment Court had approved
environmental permit for Nunasvaara in April
    ** More than 1.7 mln shares change hands, 3.8 times the
30-day average of 450,246 shares
    ** Stock has fallen 13.2% this year, as of last close
    

 (Reporting by Shivangi Lahiri in Bengaluru)
 ((Shivangi.Lahiri@thomsonreuters.com;))