<WIRE> Liontown (ASX:LTR) Set for Best Day in One Year Following $363 Million Debt Facility Agreement

Liontown Resources (ASX:LTR) looks to be having its best day in one year, jumping 18.3% to A$1.555.

If upheld, this surge would be the highest it’s seen since March 28, 2023.

Presently, Liontown stock is the top performer in the ASX 200 benchmark index.

The company, a lithium developer, has recently secured a A$550 million debt facility.

This capital will be used for its planned ramp-up and expansion of the Kathleen Valley lithium project in Western Australia.

Liontown suggests that this financial backstop will provide sufficient time to complete the Kathleen Valley’s 4 million tons per annum expansion, which has already been announced.

Around 25 million shares are circulating in today’s market, which is an uptick from the 30-day average volume of 16.5 million.

Year-to-date, the stock has experienced a decrease of 20.3%, as of the last close.

Liontown Resources is a company engaged in the exploration and production of lithium.

View full chart on Save $30 on a Pro or Premium TradingView account

Save $30 on a Pro or Premium TradingView account

Supported by

<SPON> Trade share CFDs with Plus500

Global online trading services company, Plus500:

Plus500 trading platform allows you to trade shares from all popular markets such as USA, UK, Germany and more, with leverage and low spreads. Using our advanced trading tools, you can also control your profits and losses.

Plus500AU Pty Ltd, AFSL #417727 issued by Australian Securities and Investments Commission. Based in Sydney.


Subscribe to the newsletter

Receive whispers every day in your inbox.