Deterra Royalties Gains from Thacker Pass Lithium Expansion

Deterra Royalties Ltd ( (AU:DRR) ) has shared an announcement.

Deterra Royalties Limited announced significant updates regarding its 4.8% gross revenue royalty interest in the Thacker Pass Lithium Project, located in Nevada, USA. The project, managed by Lithium Americas Corporation, now boasts the largest measured lithium reserve globally, with plans to expand production capacity significantly. The project’s extended life and competitive cost profile position it as a strategic asset in meeting U.S. domestic lithium demand, further emphasized by recent substantial financial commitments from the U.S. Department of Energy and General Motors.

More about Deterra Royalties Ltd

Deterra Royalties Limited operates within the mining and resources sector, specifically focusing on acquiring royalties on mining projects. The company’s primary service involves managing revenue interests in high-quality, high-margin projects, providing stakeholders with exposure to the mining industry without direct operational risks. Deterra’s market focus is on securing royalties from globally significant Tier-1 projects, which have the potential to become generational assets.

YTD Price Performance: 0.27%

Average Trading Volume: 1,254,714

Technical Sentiment Consensus Rating: Buy

Current Market Cap: A$1.97B

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