BUZZ-Australia's Loyal Lithium hits 6-week high after consolidation of flagship project

Reuters

2024-12-13

BUZZ-Australia's Loyal Lithium hits 6-week high after consolidation of flagship project

** Shares of Loyal Lithium LLI.AX rise as much as 8.7% to A$0.125, their highest since Nov. 1

** Co is set to consolidate its Hidden Lake Lithium Project, with Canadian lithium explorer Patriot Battery Metals PMET.TO becoming a substantial co shareholder

** 136,870 shares change hands, compared with the 30-day average volume of 130,620 shares

** Co has also secured A$6 million in funding to advance its Canadian lithium assets

** Stock has fallen 62.9% this year, as of last close

(Reporting by Nichiket Sunil in Bengaluru)

((Nichiket.Sunil@thomsonreuters.com))

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