Price Target Changed • Jul 29
Price target decreased by 9.5% to AU$1.81 Down from AU$2.00, the current price target is an average from 11 analysts. New target price is 64% above last closing price of AU$1.11. Stock is up 35% over the past year. The company is forecast to post a net loss per share of AU$0.019 next year compared to a net loss per share of AU$0.08 last year. Notizie in diretta • Jul 11
Liontown Progresses Kathleen Valley Construction and Secures Expanded Lithium Offtake Agreements Liontown is progressing construction of its Kathleen Valley hard-rock lithium project toward full production while expanding and deepening offtake agreements with large global battery and vehicle manufacturers.
These long-term offtake deals give Liontown clearer visibility on future sales volumes and signal external confidence in the quality and reliability of Kathleen Valley’s lithium supply, even as lithium prices and sector sentiment fluctuate.
Liontown shares trade at A$1.49, with the stock down 21.8% over the past month, so the recent project and contract updates are occurring against a weaker share price backdrop.
The key read-through is that Liontown is translating project development and commercial contracts into tangible progress, while investors still need to weigh construction and ramp-up execution risks alongside lithium price volatility. Breakeven Date Change • Jun 30
Forecast breakeven date pushed back to 2027 The 10 analysts covering Liontown previously expected the company to break even in 2026. New consensus forecast suggests the company will make a profit of AU$532.9m in 2027. Average annual earnings growth of 70% is required to achieve expected profit on schedule. Notizie in diretta • Jun 25
Liontown Ships First Spodumene From Kathleen Valley as Ramp-Up Gains Pace Liontown has moved into production at its Kathleen Valley lithium project in Western Australia, shipping its first spodumene cargo and ramping underground mining toward an annualized 1.5 million tonnes, with a phased lift targeted to 4.0 million tonnes per annum, supported by global offtake agreements with major battery and EV supply chains.
The company reported its first positive quarterly net cash flow of A$33 million and half-year revenue of A$197 million, which the company attributes to increased production activity and contracted sales from Kathleen Valley.
Liontown shares trade at A$1.90, with the stock up 17.3% year to date. This frames the production ramp and cash flow milestone against a market that has already re-rated the company in 2026.
The combination of secured offtake, rising operating scale and positive cash generation shifts Liontown’s risk profile more toward execution on ramp-up and cost control rather than pure development and funding risk. Notizie in diretta • Jun 06
Liontown Delivers First Positive Cash Flow and Production Milestones at Kathleen Valley Liontown reported its first quarter of positive net cash flow since production began, generating A$33 million in the March 2026 quarter.
The Kathleen Valley project reached an annualised underground mining run-rate of 1.5 million tonnes per annum ahead of schedule, with underground ore now the main feed source and a reported 70% lithia recovery rate.
The company moved to a net cash position after the conversion of LG Energy Solution's convertible notes and reaffirmed full-year 2026 guidance.
The combination of positive cash generation, a net cash balance sheet and hitting key mining and processing metrics ahead of schedule indicates growing operational stability at Kathleen Valley.
Investors may want to focus on how consistently Liontown can maintain its stated lithia recovery rates and production run-rate over coming quarters, as well as any changes in offtake terms with LG Energy Solution and other customers. Price Target Changed • May 04
Price target increased by 9.4% to AU$2.05 Up from AU$1.87, the current price target is an average from 11 analysts. New target price is 15% below last closing price of AU$2.42. Stock is up 379% over the past year. The company is forecast to post earnings per share of AU$0.0017 next year compared to a net loss per share of AU$0.08 last year. Breakeven Date Change • May 04
Forecast breakeven date pushed back to 2027 The 10 analysts covering Liontown previously expected the company to break even in 2026. New consensus forecast suggests the company will make a profit of AU$464.6m in 2027. Average annual earnings growth of 72% is required to achieve expected profit on schedule. Breakeven Date Change • Apr 14
Forecast breakeven date moved forward to 2026 The 9 analysts covering Liontown previously expected the company to break even in 2027. New consensus forecast suggests the company will make a profit of AU$13.3m in 2026. Earnings growth of 75% is required to achieve expected profit on schedule. Breakeven Date Change • Apr 02
Forecast breakeven date pushed back to 2027 The 9 analysts covering Liontown previously expected the company to break even in 2026. New consensus forecast suggests the company will make a profit of AU$366.6m in 2027. Average annual earnings growth of 73% is required to achieve expected profit on schedule. Board Change • Apr 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 1 highly experienced director. Independent Non-Executive Director Adrienne Parker was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Buy Or Sell Opportunity • Mar 13
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 14% to AU$1.69. The fair value is estimated to be AU$1.40, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 126% over the last 3 years. Earnings per share has declined by 90%. Reported Earnings • Mar 13
First half 2026 earnings: Revenues exceed analysts expectations while EPS lags behind First half 2026 results: AU$0.066 loss per share (further deteriorated from AU$0.006 loss in 1H 2025). Revenue: AU$207.5m (up 107% from 1H 2025). Net loss: AU$184.0m (loss widened AU$168.7m from 1H 2025). Revenue exceeded analyst estimates by 4.8%. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the Metals and Mining industry in Australia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 91 percentage points per year, which is a significant difference in performance. Breakeven Date Change • Mar 12 The 9 analysts covering Liontown previously expected the company to break even in 2026. New consensus forecast suggests the company will make a profit of AU$80.9m in 2026. Earnings growth of 26% is required to achieve expected profit on schedule.
Annuncio • Feb 16
Liontown Limited Announces Resignation of Ian Wells as Lead Independent Non-Executive Director, Effective March 31, 2026 Liontown Limited advises that Mr. Ian Wells has tendered his resignation as Lead Independent Non-Executive Director, effective March 31, 2026, to accept an executive role as Chief Financial Officer and Group Executive Strategy of Aurizon Holdings Limited. Mr. Wells joined the Liontown Board in January 2024 and has served the Company as Lead Independent Non-Executive Director, Chair of the Audit & Risk Committee and member of the Remuneration & Nomination Committee. He has made a substantial contribution to the Company as it completed construction at Kathleen Valley, commenced production and ramped up operations. The Company has commenced a search process to identify a suitable candidate to replace Mr. Wells on the Board. Annuncio • Feb 09
Liontown Limited to Report First Half, 2026 Results on Mar 11, 2026 Liontown Limited announced that they will report first half, 2026 results on Mar 11, 2026 New Risk • Feb 07
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 31% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (31% increase in shares outstanding). Minor Risk Significant insider selling over the past 3 months (AU$1.8m sold). Breakeven Date Change • Jan 23
Forecast breakeven date moved forward to 2026 The 9 analysts covering Liontown previously expected the company to break even in 2027. New consensus forecast suggests the company will make a profit of AU$16.4m in 2026. Earnings growth of 68% is required to achieve expected profit on schedule. Major Estimate Revision • Jan 16
Consensus revenue estimates increase by 10%, EPS downgraded The consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast increased from AU$546.9m to AU$603.9m. EPS estimate fell from -AU$0.033 to -AU$0.034 per share. Metals and Mining industry in Australia expected to see average net income growth of 24% next year. Consensus price target up from AU$1.17 to AU$1.49. Share price rose 4.9% to AU$2.15 over the past week. Price Target Changed • Jan 14
Price target increased by 11% to AU$1.30 Up from AU$1.17, the current price target is an average from 11 analysts. New target price is 40% below last closing price of AU$2.18. Stock is up 276% over the past year. The company is forecast to post a net loss per share of AU$0.034 next year compared to a net loss per share of AU$0.08 last year. Major Estimate Revision • Dec 06
Consensus estimates of losses per share improve by 16% The consensus outlook for earnings per share (EPS) in fiscal year 2026 has improved. 2026 revenue forecast increased from AU$523.1m to AU$534.0m. EPS estimate increased from -AU$0.039 per share to -AU$0.032 per share. Metals and Mining industry in Australia expected to see average net income growth of 27% next year. Consensus price target up from AU$0.95 to AU$1.07. Share price fell 8.0% to AU$1.32 over the past week. Price Target Changed • Nov 15
Price target increased by 12% to AU$0.88 Up from AU$0.78, the current price target is an average from 11 analysts. New target price is 40% below last closing price of AU$1.47. Stock is up 71% over the past year. The company is forecast to post a net loss per share of AU$0.04 next year compared to a net loss per share of AU$0.08 last year. Major Estimate Revision • Nov 15
Consensus estimates of losses per share improve by 21% The consensus outlook for earnings per share (EPS) in fiscal year 2026 has improved. 2026 revenue forecast increased from AU$467.9m to AU$502.8m. EPS estimate increased from -AU$0.05 per share to -AU$0.04 per share. Metals and Mining industry in Australia expected to see average net income growth of 26% next year. Consensus price target up from AU$0.78 to AU$0.88. Share price rose 44% to AU$1.47 over the past week. Breakeven Date Change • Nov 14
Forecast breakeven date moved forward to 2027 The 11 analysts covering Liontown Resources previously expected the company to break even in 2028. New consensus forecast suggests losses will reduce by 29% to 2026. The company is expected to make a profit of AU$10.8m in 2027. Average annual earnings growth of 76% is required to achieve expected profit on schedule. Recent Insider Transactions • Nov 14
CEO, MD & Director recently sold AU$1.8m worth of stock On the 12th of November, Antonino Ottaviano sold around 1m shares on-market at roughly AU$1.28 per share. This transaction amounted to 17% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Antonino's only on-market trade for the last 12 months. Breakeven Date Change • Nov 05
Forecast breakeven date moved forward to 2027 The 11 analysts covering Liontown Resources previously expected the company to break even in 2028. New consensus forecast suggests losses will reduce by 25% to 2026. The company is expected to make a profit of AU$122.6k in 2027. Average annual earnings growth of 77% is required to achieve expected profit on schedule. Price Target Changed • Oct 30
Price target increased by 12% to AU$0.76 Up from AU$0.68, the current price target is an average from 11 analysts. New target price is 26% below last closing price of AU$1.03. Stock is up 21% over the past year. The company is forecast to post a net loss per share of AU$0.054 next year compared to a net loss per share of AU$0.08 last year. Breakeven Date Change • Oct 03
Forecast breakeven date pushed back to 2028 The 11 analysts covering Liontown Resources previously expected the company to break even in 2027. New consensus forecast suggests losses will reduce by 93% per year to 2027. The company is expected to make a profit of AU$124.4m in 2028. Average annual earnings growth of 75% is required to achieve expected profit on schedule. Annuncio • Sep 27
Liontown Resources Limited, Annual General Meeting, Nov 26, 2025 Liontown Resources Limited, Annual General Meeting, Nov 26, 2025. Breakeven Date Change • Sep 25
Forecast to breakeven in 2027 The 11 analysts covering Liontown Resources expect the company to break even for the first time. New consensus forecast suggests losses will reduce by 50% to 2026. The company is expected to make a profit of AU$2.31m in 2027. Average annual earnings growth of 77% is required to achieve expected profit on schedule. Major Estimate Revision • Sep 18
Consensus EPS estimates fall by 13% The consensus outlook for fiscal year 2025 has been updated. 2025 expected loss increased from -AU$0.038 to -AU$0.043 per share. Revenue forecast unchanged at AU$303.8m. Metals and Mining industry in Australia expected to see average net income growth of 20% next year. Consensus price target broadly unchanged at AU$0.63. Share price rose 16% to AU$0.90 over the past week. Annuncio • Aug 21
Liontown Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 20 million. Liontown Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 20 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 27,397,260
Price\Range: AUD 0.73 New Risk • Aug 14
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 15% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Shareholders have been diluted in the past year (15% increase in shares outstanding). Significant insider selling over the past 3 months (AU$1.5m sold). Annuncio • Aug 08
Liontown Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 316.016766 million. Liontown Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 316.016766 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 364,406,529
Price\Range: AUD 0.73
Discount Per Security: AUD 0.0219
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 68,493,150
Price\Range: AUD 0.73
Discount Per Security: AUD 0.0073
Transaction Features: Subsequent Direct Listing Major Estimate Revision • Jul 30
Consensus EPS estimates fall by 30% The consensus outlook for fiscal year 2025 has been updated. 2025 expected loss increased from -AU$0.026 to -AU$0.034 per share. Revenue forecast unchanged at AU$309.8m. Metals and Mining industry in Australia expected to see average net income growth of 16% next year. Consensus price target up from AU$0.55 to AU$0.58. Share price fell 14% to AU$0.83 over the past week. Major Estimate Revision • Jul 03
Consensus EPS estimates fall by 13% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from AU$318.2m to AU$313.8m. Losses expected to increase from AU$0.023 per share to AU$0.026. Metals and Mining industry in Australia expected to see average net income growth of 19% next year. Consensus price target down from AU$0.56 to AU$0.55. Share price rose 5.0% to AU$0.73 over the past week. Annuncio • Jul 03
Liontown Resources Limited to Report Q4, 2025 Results on Jul 29, 2025 Liontown Resources Limited announced that they will report Q4, 2025 results on Jul 29, 2025 Price Target Changed • May 27
Price target decreased by 11% to AU$0.58 Down from AU$0.65, the current price target is an average from 11 analysts. New target price is 10% below last closing price of AU$0.64. Stock is down 53% over the past year. The company is forecast to post a net loss per share of AU$0.023 next year compared to a net loss per share of AU$0.028 last year. New Risk • May 12
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Less than 1 year of cash runway based on free cash flow trend (-AU$668m free cash flow). Minor Risk Share price has been volatile over the past 3 months (13% average weekly change). Major Estimate Revision • May 05
Consensus EPS estimates fall by 11% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from AU$330.9m to AU$323.0m. Losses expected to increase from AU$0.023 per share to AU$0.025. Metals and Mining industry in Australia expected to see average net income growth of 24% next year. Consensus price target down from AU$0.65 to AU$0.61. Share price fell 6.5% to AU$0.51 over the past week. Annuncio • Apr 16
Liontown Resources Limited to Report Q3, 2025 Results on Apr 24, 2025 Liontown Resources Limited announced that they will report Q3, 2025 results on Apr 24, 2025 Price Target Changed • Apr 15
Price target decreased by 7.4% to AU$0.67 Down from AU$0.72, the current price target is an average from 12 analysts. New target price is 24% above last closing price of AU$0.54. Stock is down 54% over the past year. The company is forecast to post a net loss per share of AU$0.023 next year compared to a net loss per share of AU$0.028 last year. Price Target Changed • Apr 11
Price target decreased by 7.1% to AU$0.70 Down from AU$0.75, the current price target is an average from 12 analysts. New target price is 32% above last closing price of AU$0.53. Stock is down 59% over the past year. The company is forecast to post a net loss per share of AU$0.022 next year compared to a net loss per share of AU$0.028 last year. Annuncio • Apr 09
Liontown Resources Limited Announces Successful Commencement of Underground Production Stoping At Kathleen Valley Lithium Operation's Mt Mann Orebody Liontown Resources Limited announced the successful commencement of underground production stoping at Kathleen Valley Lithium Operation's Mt Mann orebody, with the first blast fired on schedule. This marks a key milestone in the transition from open pit to underground operations over fiscal year26. As Australia's first underground lithium mine, it is expected to offer distinct advantages over traditional open-pit operations, through cleaner ore extraction by reducing ore dilution from waste contamination, supporting higher lithia recoveries and improved ore fragmentation for optimised throughput. During March, trials confirmed the processability of the underground ore (utilising previously extracted development ore), with a head grade of 1.5% Li2O and recoveries exceeding 70%, with further optimisation through recovery improvement projects still to come. The focus remains firmly on continuing the mine development to advance the decline, opening additional working areas and ramping up the underground operations progressively. As highlighted in the November 2024 business update,1 the key objective of the underground operations, in the short to medium term, is to safely target high-margin ore and maximise value with the mill expected to be supplied solely by underground volumes (and stockpiles) by fourth quarter of fiscal year26. Major Estimate Revision • Apr 03
Consensus EPS estimates fall by 17% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from AU$334.9m to AU$331.3m. Losses expected to increase from AU$0.018 per share to AU$0.021. Metals and Mining industry in Australia expected to see average net income growth of 38% next year. Consensus price target down from AU$0.75 to AU$0.72. Share price fell 26% to AU$0.49 over the past week. Annuncio • Mar 24
Liontown Resources Limited(ASX:LTR) dropped from FTSE All-World Index (USD) Liontown Resources Limited(ASX:LTR) dropped from FTSE All-World Index (USD) New Risk • Mar 14
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$668m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. This is currently the only risk that has been identified for the company. Annuncio • Oct 25
Liontown Resources Limited to Report Q1, 2025 Results on Oct 30, 2024 Liontown Resources Limited announced that they will report Q1, 2025 results on Oct 30, 2024 Price Target Changed • Oct 12
Price target decreased by 7.1% to AU$0.99 Down from AU$1.07, the current price target is an average from 13 analysts. New target price is 19% above last closing price of AU$0.83. Stock is down 70% over the past year. The company is forecast to post a net loss per share of AU$0.043 next year compared to a net loss per share of AU$0.028 last year. Price Target Changed • Jun 28
Price target decreased by 8.5% to AU$1.21 Down from AU$1.32, the current price target is an average from 12 analysts. New target price is 30% above last closing price of AU$0.93. Stock is down 67% over the past year. The company is forecast to post a net loss per share of AU$0.023 next year compared to a net loss per share of AU$0.01 last year. Price Target Changed • Mar 14
Price target increased by 14% to AU$1.25 Up from AU$1.09, the current price target is an average from 12 analysts. New target price is 8.7% below last closing price of AU$1.37. The company is forecast to post a net loss per share of AU$0.021 next year compared to a net loss per share of AU$0.01 last year. Buy Or Sell Opportunity • Feb 26
Now 30% overvalued Over the last 90 days, the stock has fallen 14% to AU$1.17. The fair value is estimated to be AU$0.90, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 135% over the last 3 years. Meanwhile, the company became loss making. New Risk • Feb 19
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 12% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Shareholders have been diluted in the past year (10% increase in shares outstanding). Buy Or Sell Opportunity • Feb 09
Now 24% overvalued Over the last 90 days, the stock has fallen 26% to AU$1.12. The fair value is estimated to be AU$0.90, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 135% over the last 3 years. Meanwhile, the company became loss making. Price Target Changed • Jan 22
Price target decreased by 11% to AU$1.55 Down from AU$1.75, the current price target is an average from 12 analysts. New target price is 65% above last closing price of AU$0.94. The company is forecast to post a net loss per share of AU$0.019 next year compared to a net loss per share of AU$0.01 last year. Buy Or Sell Opportunity • Jan 22
Now 29% undervalued after recent price drop Over the last 90 days, the stock has fallen 47% to AU$0.94. The fair value is estimated to be AU$1.33, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 135% over the last 3 years. Meanwhile, the company became loss making. Annuncio • Jan 19
Albemarle Reportedly Selling Out of Liontown Albemarle Corporation (NYSE:ALB) has appointed brokers to sell its stake in Liontown Resources Limited (ASX:LTR), three months after Hancock Prospecting effectively blocked its $6.6 billion takeover bid. JP Morgan was looking to sell Albemarle's 4% stake after the market closed, at prices ranging from $1.26 per share to $1.32 per share. With Albemarle holding 96 million Liontown shares, the deal will be worth about $125 million. The planned sale will be at a loss for Albemarle, which was understood to have acquired its stake at an average entry price of $2.35 per share. Albemarle attempted four times to acquire Liontown, which is developing the Kathleen Valley lithium mine in the Goldfields. The mine would have provided a new supply for Albemarle's downstream processing operations, including its lithium refinery at Kemerton in the South West. It lodged indicative proposals at $2.20 per share in October 2022, $2.35 in March 2023 and $2.50 later that month. It appeared to have succeeded in September when the Liontown board backed its fourth proposal - a takeover bid priced at $3 per share. However Australia's richest person, Gina Rinehart, ended the party after her private company Hancock Prospecting acquired a 19.9% blocking stake. Albemarle scrapped its takeover bid in mid-October, triggering a collapse in Liontown's share price and forcing the company to complete an equity and debt raising to ensure it could complete construction at Kathleen Valley. Hancock has retained its 19.9% stake but has been silent on its intentions. Annuncio • Dec 21
Liontown Resources Limited Receives Notice for Drem Pty. Limited Liontown Resources Limited (Liontown or the Company) is party to a royalty deed (and associated documents) in relation to an inherited private royalty which applies to certain tenements now forming part of the Kathleen Valley Lithium Project. The Company has received notice that the private royalty holder, Drem Pty. Limited (Drem), has filed legal proceedings seeking declarations regarding the interpretation of the relevant documents and the amount of the royalty payable. In summary, the dispute between the parties is whether the amount of the royalty is calculated as 2%, or a lesser percentage, of gross sales of production from the relevant tenements. Liontown will respond to the proceedings in due course, but does not believe that Drem's claim is material to the Company, nor does it impact planned first production in mid-2024. Annuncio • Nov 30
Liontown Resources Limited Announces Board Changes Liontown Resources Limited announced the appointment of Mr. Ian Wells to its Board as an Independent Non-Executive Director, effective 1 January 2024. Mr. Wells’ appointment follows the planned retirement of Mr. Anthony Cipriano, who will step down from the Board after nearly 10 years as a Non-Executive Director. Mr. Wells is a highly respected and experienced finance professional with more than 20 years’ operational experience across all finance functions, and in a range of industries including bulk mining, port, rail and energy infrastructure. Most recently, Mr. Wells served as Chief Financial Officer of ASX Top 10 company Fortescue Metals Group Limited for five years to January 2023. He is a senior executive and leader with corporate finance, multi-billion-dollar funding, capital management and business transformation expertise. Mr. Wells holds a Bachelor of Business (Accounting) from Curtin University, is a fellow of CPA Australia and a Graduate of the Australian Institute of Company Directors. Given his financial expertise, Mr. Wells is expected to replace Mr. Cipriano as chair of the Company’s Audit Committee. Mr. Cipriano joined the Liontown Board as Non-Executive Director in July 2014 and has served the Company as Lead Independent Non-Executive Director, as well as Chair of the Audit Committee and a member of the Remuneration Committee. He has made a substantial contribution to the Company as it has developed from explorer to a pre-production mining company. With the recent finalisation of the debt and equity funding package to take the Kathleen Valley Lithium Project through to production and beyond, Mr. Cipriano felt this would be an appropriate time to announce his retirement, effective from 31 December 2023. Annuncio • Oct 16
Albemarle Corporation (NYSE: ALB) cancelled the offer to acquire 97.8% stake in Liontown Resources (ASX: LTR). Albemarle Corporation (NYSE: ALB) made an offer to acquire 97.8% stake in Liontown Resources (ASX: LTR) for AUD 5.6 billion on March 27, 2023. Albemarle made an revised conditional and non-binding indicative proposal to acquire a 97.8% stake in Liontown Resources for AUD billion on September 4, 2023. As per the revised offer, Albemarle will pay AUD 3 per share. As reported, Albemarle Corporation submitted a non-binding proposal to acquire all outstanding shares of Liontown by way of scheme of arrangement for AUD 2.50 per share in cash. As of March 27, 2023, RT Lithium Ltd, a subsidiary of Albemarle holds 2.2% of Liontown's issued shares. Albemarle's proposal to Liontown represents a non-binding proposal which is subject to, among other things, the execution of definitive transaction documentation, completion of customary due diligence Liontown Board unanimously recommending the proposal; regulatory approvals, including competition approval; and entry into a mutually acceptable scheme implementation deed. This offer was unanimously approved by Albemarle's Board of Directors. After carefully considering the Revised Indicative Proposal, the Liontown Board has determined to grant Albemarle an opportunity to conduct a limited period of exclusive due diligence, subject to customary fiduciary exceptions, to enable it to put forward a binding proposal, subject to the parties agreeing to a mutually acceptable non-disclosure and exclusivity agreement. The transaction is subject to agreement of a mutually acceptable binding scheme implementation agreement, the intention of the Liontown Board is to unanimously recommend shareholders vote in favour of the proposal in the absence of a superior proposal and subject to an independent expert concluding (and continuing to conclude) that the proposed transaction is in the best interests of shareholders. However, there is no certainty that the Revised Indicative Proposal will progress to a binding offer for consideration by shareholders. At this point, shareholders do not need to take any action. The transaction is expected to close by mid-2024. As of October 2, 2023, Liontown Resources disclosed that Hancock ProapecIN Pty Ltd, and associated parties has raised its stake from 10.7% last month to 14.67%, paying no more than AUD 3.00 per Liontown Resources share from last month, moving it closer to being able to block Albemarle deal for Liontown Resources. As of October 12, 2023, Liontown Board has determined to extend the exclusive due diligence period by seven days.J.P. Morgan acted as financial advisor and Corrs Chambers Westgarth acted as legal advisor to Albemarle. J.P. Morgan is also prepared to provide Albemarle with committed financing to support an acquisition of Liontown and a binding offer to acquire Liontown would not be subject to a financing contingency. Greenhill & Co. and UBS acted as financial advisers and Allens as legal adviser to Liontown. Albemarle Corporation (NYSE: ALB) cancelled the offer to acquire 97.8% stake in Liontown Resources (ASX: LTR) on October 15, 2023. Albemarle has advised Liontown that its decision to withdraw its proposal was due to the growing complexities associated with executing the transaction. 
