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Larvotto Resources Limited ( (AU:LRV) ) just unveiled an announcement.
Larvotto Resources Limited has successfully completed a $60 million equity raising through a two-tranche placement to Australian and international investors. The funds, along with a previously completed US$105 million Senior Secured Bond Issue, will be used to finance the capital expenditure and working capital needed to commence operations at the Hillgrove Antimony-Gold Mine, targeting production in Q2 2026. This initiative positions Larvotto as a key player in the supply of critical minerals, with the Hillgrove Project being the only new source of western antimony expected to come online in the next four years. The company is now focused on the construction and commissioning phase, with high expectations due to the project’s high internal rate of return (IRR) and the strong interest in new critical mineral sources.
More about Larvotto Resources Limited
Larvotto Resources Limited is a company operating in the mining industry, focusing on the exploration and development of mineral resources. Their primary project is the Hillgrove Antimony-Gold Mine located in New South Wales, Australia, which is set to become a significant source of antimony supply in the western market.
Average Trading Volume: 3,916,493
Technical Sentiment Signal: Buy
Current Market Cap: A$299M
Find detailed analytics on LRV stock on TipRanks’ Stock Analysis page.