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Deterra Royalties Ltd ( (AU:DRR) ) has shared an update.
Deterra Royalties Limited announced that Lithium Americas Corporation, the operator of the Thacker Pass Lithium Project, has received a US$435 million draw from a US$2.23 billion loan by the U.S. Department of Energy. This funding supports the construction of Phase 1 processing facilities at Thacker Pass, a project of strategic importance due to its vast lithium reserves and low production costs. The development is expected to enhance Deterra’s revenue through its royalty interest, while reinforcing the project’s significance in the global lithium market.
The most recent analyst rating on (AU:DRR) stock is a Hold with a A$4.35 price target. To see the full list of analyst forecasts on Deterra Royalties Ltd stock, see the AU:DRR Stock Forecast page.
More about Deterra Royalties Ltd
Deterra Royalties Limited operates in the mining industry, focusing on royalty investments. The company holds interests in various mineral projects, with a significant stake in the Thacker Pass Lithium Project, which is known for its large lithium reserves.
Average Trading Volume: 1,511,378
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$2.21B
For detailed information about DRR stock, go to TipRanks’ Stock Analysis page.