• Fully underwritten institutional placement to raise A$500 million
• Non-underwritten share purchase plan for eligible shareholders
• Proceeds to fund development of Kathleen Valley Lithium Project

Liontown Resources Ltd has announced a capital raising comprising a fully underwritten A$500 million institutional placement and a non-underwritten share purchase plan for eligible shareholders. The proceeds from the capital raising will be used to fund the development of the Kathleen Valley Lithium Project, including the transition to underground mining, increased throughput, and other growth initiatives. The placement will be conducted at a price to be determined through a bookbuild process. Eligible shareholders will be able to participate in the share purchase plan to acquire up to A$30,000 worth of new shares. The capital raising is expected to strengthen Liontown's balance sheet and provide the necessary funding to advance the Kathleen Valley Lithium Project and support the company's growth plans.