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An update from Deterra Royalties Ltd ( (AU:DRR) ) is now available.
Deterra Royalties Ltd announced an update regarding the Thacker Pass Lithium Project, where it holds a 4.8% gross revenue royalty. The project, operated by Lithium Americas Corporation in partnership with General Motors, has reached a non-binding agreement with the U.S. Department of Energy for the first draw of a $2.26 billion loan. This agreement includes deferred debt service and equity stakes for the DOE, highlighting strong governmental and corporate support. The project is poised to become one of the largest and lowest-cost lithium producers, with significant progress in construction and engineering.
The most recent analyst rating on (AU:DRR) stock is a Sell with a A$3.55 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 Ltd is a company in the mining industry, primarily focused on managing and acquiring royalty interests in mineral resources. The company holds significant royalty interests, including a notable stake in the Thacker Pass Lithium Project, which is a major lithium reserve in Nevada, USA.
Average Trading Volume: 1,607,790
Technical Sentiment Signal: Buy
Current Market Cap: A$2.11B
Find detailed analytics on DRR stock on TipRanks’ Stock Analysis page.