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Company News Summary

Liontown Resources Executes Agreement to Terminate Royalty

02 Aug 2021  |  09:22:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Liontown Reaches Agreement to Terminate Royalty

Liontown Resources advised that it has executed a royalty termination deed under which Ramelius Resources (Ramelius) has agreed to terminate the Kathleen Valley Royalty (KV Royalty) it holds over the 100%-owned Kathleen Valley Lithium-Tantalum Project in WA. In consideration for terminating the KV Royalty, the Company will pay Ramelius A$30.25m in cash. The benefits of terminating the Kathleen Valley Royalty will be further enhanced via future expansion of the production rate at Kathleen Valley and/or increases in the spodumene concentrate price.

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