BUZZ-Australia's Arizona Lithium rises on fund raise via sale of non-core assets

Reuters

2024/10/07

** Shares of Arizona Lithium rise as much as 9.4% to A$0.018, their highest since Aug 9

** The lithium miner says it has raised A$11 mln ($7.48 mln) via sale of its non-core assets

** The divestment represents a small undeveloped portion in its Prairie lithium project, AZL says, and adds that sale will not affect AZL's near-term development plan for the project

** Says funds from sale will be used for developing the core project area

** AZL stock down 48.4% YTD

($1 = 1.4706 Australian dollars)

(Reporting by Ayushman Ojha in Bengaluru)

((Ayushman.ojha@thomsonreuters.com;))

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