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.