BUZZ-Australia's Lithium Energy rises on CNGR receiving approval to buy lithium project

Reuters06-03

** Shares of battery minerals explorer Lithium Energy

up 8.54% to A$0.445, on track for best day since early-May

** Stock rose as much as 12.2% earlier in the session

** Co says CNGR Advanced Material secured Chinese regulatory approvals to acquire its Solaroz Lithium Project in Argentina

** Co had announced the sale of the project to a unit of CNGR for $63 mln in early May

** Stock has fallen 28.7% this year, as of last close

(Reporting by Sherin Sunny in Bengaluru)

((Sherin.Sunny@thomsonreuters.com))

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