Australia's Tambourah Metals rises on lithium earn-in agreement with SQM

Tambourah Metals

06/07/2023 03:15

** Shares of critical minerals explorer Tambourah Metals
 TMB.AX  rise as much as 50% to A$0.165 - their highest since
Nov. 28
    ** Co enters lithium earn-in agreement with a unit of
Chilean lithium producer Sociedad Quimica y Minera de Chile S.A.
(SQM) for its Julimar Nth Project in Western Australia
    ** Under agreement, SQM will make a minimum investment of
A$1.5 mln and up to A$3 mln for rights to earn an initial 50%
interest in all mineral rights at Julimar project
    ** Trading volumes 14 times the 30-day average of 78,685
shares
    ** As of last close, stock up 4.8% YTD

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