Australian shares of Solis Minerals (ASX:SLM) experienced an increase of up to 10.9% to A$0.305, marking their highest value since September 21.

These shares have been rising for a fourth consecutive session.

Solis Minerals, a miner focused on battery minerals, announced their entry into an option agreement to buy the Mina Vermelha project.

The acquisition is intended to help the company target lithium pegmatites in Brazil’s Borborema province.

The stock had seen an increase of 83.3% this year as of the last close.

Solis Minerals is a mining company with a focus on battery minerals.