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Stocks of the Hour: MNS, GRE, QXR, LKE

Abbey Phillipps from Finance News Network breaks down some stocks making noise in today's ASX trading session.

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Magnis Energy Technologies (ASX:MNS; OTCQX: MNSEF; FSE: U1P) announced that the lithium-ion batteries produced at the iM3NY Battery Plant have received UN38.3 certification. MD Hoshi Daruwalla commented: โ€œOur batteries have met the strict safety requirements developed by the UN for transportation.โ€ Shares are trading 2.86 per cent lower at 17 cents.

GreenTech Metals (ASX:GRE) has confirmed the presence of spodumene-bearing pegmatites on the Companyโ€™s 100% owned Ruth Well Project in WA. Executive Director Thomas Reddicliffe commented: โ€œThe spodumene bearing pegmatites occur in a zone up to 200m wide which also includes barren pegmatites.โ€ Shares are trading 280.95 per cent higher at 40 cents.

QX Resources Limited (ASX:QXR) announced that diamond drilling had intercepted massive sulphide mineralisation from their deposit in Northern Sweden, held by Bayrock Resources, in which QXR has a significant holding. Shares are trading 3.03 per cent higher at 3.4 cents.

Lake Resources (ASX:LKE) has announced that their Measured and Indicated resources have increased from 2.19 to 2.93 million tonnes of lithium carbonate equivalent at their Kachi Project. Michael Gabora at Lake Resources, commented, โ€œThe activities started in March of last year have led to a significantly improved understanding of both the spatial and vertical extent of lithium brine.โ€ Shares are trading 0.53 per cent higher at 47.25 cents.

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