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Lithium explorer Liontown Resources raising $50m

Lithium explorer Liontown Resources raising $50m
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One of 2020âs top performing ASX-listed stocks, Liontown Resources, was in the market raising $50 million on Monday to accelerate the progression of its Kathleen Valley lithium project.
Tim Goyder is behind battery metals company Liontown Resources.Â
Philip Gostelow
The raise is being led by Bell Potter and the company is calling for bids at 76Â¢ per share - a 10.1 per cent discount to its last close price.
Those who take up the 65.8 million shares on issue will be entitled to proceeds from the proposed demerger of Liontownâs Moora and Koojan joint venture assets, which it flagged with the market on June 3 this year. ....

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Chalice boss and the dream discovery so close to home

Exploration company Chalice Mining is worth $2.47 billion and sits inside the ASX200 on the back of a remarkable discovery less than 80 kilometres from Perth. ....

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Chalice Mining Ltd bolsters board with appointment of highly regarded former Rio Tinto executive Stephen McIntosh

The new non-executive director brings vast global experience in the discovery, evaluation and development of major projects worldwide. ....

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ASX set to drop as virus casts shadow

ASX set to drop as virus casts shadow
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Australian shares are poised to begin the year lower, with a focus on local virus cases and their impact on the outlook for the economy.
ASX futures were down 80 points or 1.2 per cent to 6537. In contrast, the currency ended flat in New Year s Eve trading in New York, though it traded as high as US77.42¢ at one point.
All three US benchmarks rose on the final session of trading for 2020 on Wall Street with both the Dow and S&P 500 closing at record highs. The Nasdaq closed short, though within reach, of its record high. ....

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