Uranium Grows, Lithium Woes

• Deterra has made a deal to acquire Trident Royalties, a UK listed royalty company, at a 42% premium to its undisturbed price
• The deal includes assuming Trident's debt and will result in Deterra cutting its dividend payout ratio in half from FY 25 going forward, upsetting current shareholders
• Deterra's fully frank dividends have attracted Australian institutional shareholders, who may be affected by the change in dividend policy and potential impact on share price

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