Deterra Royalties Gains from Thacker Pass Joint Venture

Deterra Royalties Ltd (AU:DRR) has released an update.

Deterra Royalties Limited is set to benefit from a new joint venture between Lithium Americas and General Motors on the Thacker Pass Lithium Project in Nevada. The agreement sees GM investing $625 million for a 38% stake, with LAC contributing $387 million, significantly advancing the project’s development. This strategic move highlights the potential for substantial revenue for Deterra, which holds a royalty interest in the project.

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