Deterra Royalties Ltd ( (AU:DRR) ) has provided an update.
Deterra Royalties Limited has announced a significant update regarding the Thacker Pass Lithium Project, operated by Lithium Americas Corporation. The project has secured full funding for Phase 1 development following a US$250 million investment from Orion Resource Partners and additional contributions from General Motors and LAC. This funding fulfills all equity capital requirements under a US$2.26 billion DOE loan, with Phase 1 completion targeted for late 2027. Thacker Pass is poised to become one of the world’s largest lithium producers, with an 85-year mine life and low production costs, enhancing Deterra’s portfolio and industry positioning.
More about Deterra Royalties Ltd
Deterra Royalties Limited operates in the mining industry, focusing on royalty investments. The company holds interests in significant mining projects, including a royalty over BHP’s Mining Area C, and is involved in the lithium sector through its stake in the Thacker Pass Lithium Project in Nevada, USA.
YTD Price Performance: -0.83%
Average Trading Volume: 1,684,294
Technical Sentiment Signal: Buy
Current Market Cap: A$1.9B
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