Unlisted Hancock Prospecting’s stake in lithium developer Liontown Resources reached 16.7% at the end of last week, with the company saying it had paid no more than A$3 a share. Hancock was now Liontown’s largest shareholder and said in a statement that it welcomed the opportunity to participate in Liontown’s Kathleen Valley project as a shareholder, and to have an influence on the company’s overall future direction.
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