A snapshot of the stocks on the move, featuring Liontown Resources, Blackstone Minerals and Harvest Technology Group.
Kathleen Valley Project update
Liontown Resources Limited (ASX:LTR) announces an update on the estimates of the Kathleen Valley Lithium Project. The project remains on schedule to commence first production of spodumene by mid-2024, the project capital costs to first production are estimated to be A$951 million and the production has been accelerated to 4Mtpa. Shares are trading 1.34 per cent lower at $2.94.
Carbon capture opportunity
Blackstone Minerals (ASX:BSX) has entered into an MOU with Arca to investigate the carbon capture potential at Ta Khoa Project in Vietnam. The MOU will also explore opportunities to utilise Arca’s carbon capture technologies within the Project. Shares are trading 4.17 per cent higher at 13 cents.
R&D funding facility established
Harvest Technology Group (ASX:HTG) has received a $960,045 advance from Radium Capital, providing early-access to funds expected to be received in relation to the Company’s Research and Development tax incentive rebate. The non-dilutive funding facility Harvest to diversify their customer base and move towards the release of their technology products in the coming months. Shares are trading 3.85 per cent higher at 3 cents.
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Source: Finance News Network