Deterra Royalties Ltd (AU:DRR) has released an update.
Deterra Royalties Ltd is poised to benefit from the Thacker Pass Lithium Project as Lithium Americas Corporation secures a $2.26 billion loan from the U.S. Department of Energy and partnerships with General Motors. This financial backing aims to fund the initial production phase of battery-quality lithium carbonate, highlighting the strategic importance of Thacker Pass for North America’s lithium supply. Deterra’s royalty interests in this emerging lithium hub underscore its potential for substantial returns.
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