BUZZ-Australia's Lithium Universe rises on securing feedstock for Canada refinery

Reuters
02/04
BUZZ-Australia's <a href="https://laohu8.com/S/LU7N.AU">Lithium Universe</a> rises on securing feedstock for Canada refinery

** Shares of Lithium Universe LU7.AX rise as much as 13% to A$0.013, their highest level since January 27

** The lithium producer signs a 10-year offtake agreement for supply of 80,000 tons per annum of spodumene concentrate

** Deal secures feedstock requirements for its planned Bécancour Lithium Refinery in Canada

** About 7.2 million shares change hands, 3x the 30-day average of 2.4 million

** Stock up 4.3%, YTD

(Reporting by Jasmeen Ara Shaikh in Bengaluru)

((Jasmeenaraislam.Shaikh@thomsonreuters.com;))

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