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Shares of Australian lithium explorer Kali Metals rose as much as 7.3% to A$0.100 on Tuesday, heading for their strongest session since August 31. The company signed a binding Memorandum of Understanding with JX Advanced Metals for the exploration of Kali Metals' Southern Lachlan Project in New South Wales. JX Advanced
Kali Metals Ltd said on Friday it and JX Advanced Metals have entered into a binding memorandum of understanding (MoU) for the Southern Lachlan Project. JX Advanced Metals will fund exploration up to A$700,000 until March 31, 2027, with Kali Metals to operate and manage the exploration in the initial phase. JX Advanced