- Lithium explorer Liontown Resources (LTR) has started the week off in a trading halt, while it plans to raise capital
- So far, it is unknown how much the company is aiming to raise or where the funds will be spent
- Under the halt, company shares will be paused until Wednesday, July 14, or when more details about the raise is released to the market
- On the market, Liontown last traded at 84.5 cents per share
Liontown Resources (LTR) have entered the week in a trading halt as it plans an upcoming capital raise.
Currently, there is no information on how much the company is aiming to raise or where the funds will be spent.
While it finalises these details, company shares will be paused until Wednesday, July 14, or when more details about the raise is released to the market.
Liontown is a minerals exploration and development company, which is focussed on high-quality lithium.
Earlier this month, the company defined new exploration targets at its Buldania Lithium Project in the southeastern Goldfields of WA.
A recent soil program was completed at the project, which included 1391 samples. Results have now been received for all these samples, defining significant soil anomalies next to the existing Anna lithium deposit.
Follow-up drilling is now being planned for the project, while the company continues with a definitive feasibility study, due for release in Q4 2021.
On the market, Liontown last traded at 84.5 cents per share.