Orocobre Ltd's stock price surged 22.66% during intraday trading on Tuesday, following a major corporate acquisition announcement.

The sharp increase is attributed to the company's agreement to acquire Hecla Quebec, a subsidiary of Hecla Mining, which holds full ownership of the Casa Berardi gold mine and a portfolio of exploration properties in Canada. The deal involves an upfront and deferred consideration of $352 million, with additional contingent consideration of up to $241 million, signaling significant expansion in the company's gold mining assets.