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Liontown Resources Limited ( (AU:LTR) ) has issued an update.
Liontown Resources Limited has announced a fully underwritten institutional placement to raise approximately A$266 million, with an additional A$20 million available through a Share Purchase Plan for existing shareholders. The funds will strengthen the company’s balance sheet, support the ramp-up of the Kathleen Valley Lithium Operation, and provide a liquidity buffer during periods of lower lithium prices. The National Reconstruction Fund Corporation is investing A$50 million as a cornerstone investor, highlighting the strategic importance of Liontown’s operations in the critical minerals sector.
The most recent analyst rating on (AU:LTR) stock is a Hold with a A$0.50 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 company operating in the critical minerals sector, primarily focusing on lithium production. Its key project is the Kathleen Valley Lithium Operation, which is strategically important to the Australian economy and national interests.
Average Trading Volume: 15,866,573
Technical Sentiment Signal: Hold
Current Market Cap: A$2.08B
Find detailed analytics on LTR stock on TipRanks’ Stock Analysis page.