Deterra Royalties Reports Progress at Thacker Pass Lithium Project

Deterra Royalties Ltd ( (AU:DRR) ) has shared an announcement.

Deterra Royalties Limited announced significant progress at the Thacker Pass Lithium Project in Nevada, USA, where it holds a 4.8% gross revenue royalty. The project, operated by Lithium Americas Corporation, has commenced major construction with substantial capital investments and plans for large-scale lithium carbonate production. This advancement underscores Deterra’s strategic position in the lithium market, potentially enhancing its revenue streams and market influence.

The most recent analyst rating on (AU:DRR) stock is a Hold with a A$4.00 price target. To see the full list of analyst forecasts on Deterra Royalties Ltd stock, see the AU:DRR Stock Forecast page.

More about Deterra Royalties Ltd

Deterra Royalties Limited operates within the mining and resources industry, focusing on acquiring and managing royalty interests. The company primarily deals with royalties from mineral resources, providing a stream of revenue from projects such as the Thacker Pass Lithium Project.

Average Trading Volume: 1,700,159

Technical Sentiment Signal: Hold

Current Market Cap: A$1.97B

Learn more about DRR stock on TipRanks’ Stock Analysis page.