In the stock market, Intra Energy experienced a notable surge, with shares rising as much as 20% to A$0.006, on course for their best day since mid-September, assuming gains persist.

The uptick comes in response to the mineral explorer entering a binding agreement to procure 100% ownership of a dozen mineral claims adjacent to the company’s existing Llama Lithium project in Quebec, Canada.

These new claims were acquired from the Canadian Mining House, a noteworthy move that will expand the total ground coverage of the Llama Lithium Project to 75km2.

The acquisition necessitated a cash payment of C$120,000 and the issuance of 40 million fully paid ordinary shares in Intra Energy.

Despite this recent growth, Intra Energy’s value is still down 37.5% YTD from the previous close.

Intra Energy is a mining company specializing in the exploration and production of a variety of minerals.