Australia's Zenith Minerals orders review of lithium biz; shares surge
15/01/2024 24:05
** Shares of Australia's Zenith Minerals ZNC.AX rise as
much as 9.7% to A$0.17, their highest since Dec 29
** The small-cap lithium miner announces a strategic review
of its lithium operations in a low price environment
** Co appoints Perth's Azure Capital to run the review
** Zenith has received a number of unsolicited inbound
expressions of interest from various strategic investors - Co
** Stock has risen 3.3% this year as of last close, after
gaining 13.3% in 2023
(Reporting by Rishav Chatterjee in Bengaluru)
((Rishav.Chatterjee@thomsonreuters.com;))
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