BUZZ-Australia's Lithium Energy jumps on sale of lithium project to CNGR

Reuters05-02

** Shares of Lithium Energy rise as much as 36% to A$0.680, posting their biggest intraday percentage gain since May 1, 2023

** Stock hits its highest level since November 7, 2023

** Battery minerals explorer said on Tuesday it will sell its Solaroz Lithium Project in Argentina to a unit of China's CNGR Advanced Material Co for $63 mln

** Shares had been on a trading halt since Monday

** Over 2.4 mln shares change hands, compared with the 30-day average volume of around 102,000

** Stock up 1.2% YTD, based on last close

(Reporting by Aaditya Govind Rao in Bengaluru)

((Aaditya.govindrao@thomsonreuters.com;))

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