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Liontown Resources Limited ( (AU:LTR) ) has shared an update.
Liontown Resources Limited has successfully transitioned to a fully underground lithium mining operation at its Kathleen Valley site, enhancing productivity and output as it ramps up to full production. The company has shipped over 360,000 dry metric tonnes of spodumene concentrate globally and has strengthened its balance sheet with a $372 million capital raise. This financial boost supports the completion of the underground transition and positions Liontown for potential acquisitions aligned with its long-term strategy, which includes fulfilling Kathleen Valley’s potential, evaluating downstream opportunities, and expanding its portfolio.
The most recent analyst rating on (AU:LTR) stock is a Sell with a A$0.85 price target. To see the full list of analyst forecasts on Liontown Resources Limited stock, see the AU:LTR Stock Forecast page.
More about Liontown Resources Limited
Liontown Resources Limited is a responsible battery minerals provider focused on powering a sustainable future by ensuring a reliable supply of essential minerals. The company controls two major lithium deposits in Western Australia and aims to expand its portfolio through exploration, partnerships, and acquisitions. Liontown also seeks to participate in downstream value-adding where control of the deposit provides a competitive advantage.
Average Trading Volume: 23,242,284
Technical Sentiment Signal: Buy
Current Market Cap: A$4.04B
Find detailed analytics on LTR stock on TipRanks’ Stock Analysis page.