Liontown Resources Limited (AU:LTR) has released an update.
Liontown Resources Limited has announced a transformative year with the successful completion and commencement of production at the Kathleen Valley Lithium Project, alongside an equity raise of $389.6 million and a strategic funding agreement. Despite a net loss of A$64.9 million for FY24, due to pre-revenue status and exceptional items, the company’s total assets have more than doubled, underpinning their potential for future success. The appointment of Ian Wells as Lead Independent Director also marks a commitment to robust corporate governance.
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