What is driving Liontown’s (ASX:LTR) share price up today?

October 17, 2022 04:06 PM AEDT | By Ritwika

Google News:

What is driving Liontown’s (ASX:LTR) share price up today? — Image source: © Solucionfotografica | Megapixl.com

Recent News

EUR/USD poised to rack up more gains as ECB and Fed rate paths set to...

Carney launches ‘One Canadian Economy’ Act to unify trade, approvals

Trump signs orders to enhance drone defenses, support supersonic trave...

US job growth in May tops forecasts, but Macquarie warns cracks are em...

Highlights:

Liontown has secured significant Mining Proposal approval at the Kathleen Valley Project from WA Development of Mines, Industry, Regulation and Safety (DMIRS) recently.

Now the company has acquired all the necessary approvals required for the commencement of site work at the Kathleen Valley.

Today Liontown’s shares were spotted trading over 6% strong on ASX at 1:51 PM AEDT.

Base and precious metal explorer Liontown Resources Limited (ASX:LTR) shares were spotted trading significantly higher on ASX on Monday afternoon. Liontown’s share price surged by 6.116% on ASX to AU$1.735 per share at 1:51 PM AEDT today (17 October 2022).

Over the last 12 months, Liontown’s share price has marked a gain of almost 12% on ASX, and on a year-to-date basis, the company’s share price declined marginally by 0.57% on ASX (as of 1:51 PM AEDT today).

A recent development within Liontown:

On 3 October 2022, Liontown announced that it has achieved a significant milestone in the development of the Kathleen Valley Lithium Project in Western Australia. The company had secured approval on the Mining Proposal and Mine Closure Plan for the Kathleen Valley Project from the Western Australia (WA) Development of Mines, Industry, Regulation and Safety (DMIRS).

Apart from the Mining Proposal approval, the company has also secured approval for other relevant work from the WA Department of Water and Environment Regulation (DWER). As a result, the company has eventually secured the final approval required for the commencement of major site work at the Kathleen Valley project.

About Liontown:

Established in 2006, Liontown Resources Limited is listed under the Materials sector on ASX. The company deals with the business of exploration and evaluation of metals and minerals like lithium, gold, vanadium and nickel deposits in Australia. Some of Liontown’s significant projects are Kathleen Valley lithium-tantalum, the Buldania and Toolebuc. Liontown’s headquarter is located in Perth, Western Australia.

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.