Deterra Royalties Ltd (AU:DRR) has released an update.
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Deterra Royalties Ltd has reported a portfolio revenue of $53.1 million for the September 2024 quarter, marking a 9.2% decrease from the previous quarter, driven primarily by lower volumes and pricing in its Mining Area C iron ore royalties. The recent acquisition of Trident Royalties plc adds 22 diverse royalty and offtake assets to Deterra’s portfolio, enhancing its strategic diversification. Additionally, significant progress in the Thacker Pass Lithium Project, backed by major investments from General Motors and a substantial loan from the U.S. Department of Energy, is expected to solidify future revenue streams.
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