• Successful bookbuild for a fully underwritten A$266 million institutional placement
• Additional A$50 million conditional placement subject to shareholder approval
• Strong demand from domestic and offshore institutions including the National Reconstruction Fund Corporation

Liontown Resources Limited (ASX:LTR) has announced the successful completion of a capital raising of approximately A$316 million. The capital raising consists of a fully underwritten A$266 million institutional placement of approximately 364.4 million new shares priced at A$0.73 per share, as well as an additional A$50 million conditional placement to Canmax Technologies Co., Ltd. and other institutional investors, subject to shareholder approval. The capital raising attracted strong demand from both domestic and offshore institutions, including a A$50 million investment from the National Reconstruction Fund Corporation. The funds raised will be used to fortify Liontown's balance sheet, support the ramp-up and transition to 100% underground operations at its Kathleen Valley project, and ensure the company is well-positioned to capitalize on a recovery in lithium prices. The capital raising also includes a non-underwritten share purchase plan of up to A$20 million, allowing existing eligible shareholders to participate. Liontown's managing director and CEO, Tony Ottaviano, expressed his satisfaction with the strong support received for the placement, which underscores the quality, long-term value, and strategic importance of the Kathleen Valley project.

Subject to completion of the Conditional Placement (excluding any proceeds received under the SPP), Liontown will have a pro forma cash balance of ~A$472 million.