Liontown Resources Ltd (LTR.AU) saw its shares soar 5.56% during intraday trading on Friday, marking a significant upward movement for the lithium miner.

The stock's surge appears linked to recent corporate governance changes and ongoing operational improvements. The company has refreshed its board, appointing Giselle Collins as an Independent Non-Executive Director, who will also serve as Chair of the Audit and Risk Committee and a member of the Remuneration and Nomination Committee.

Furthermore, the company is actively executing optimization initiatives and technological upgrades in its processing plant. These efforts are aimed at achieving sustainable improvements in lithium recovery rates, targeting to exceed 70%, which is expected to contribute positively to future revenue and net margins.