1MC 20.0% 0.3¢ morella corporation limited

Ann: Additional US$15 Million Secured for Altura Lithium Project, page-5

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    ADDITIONAL US$15 MILLION SECURED
    FOR THE ALTURA LITHIUM PROJECT
    Agreement for additional funds of US$15 million executed with Altura’s existing Loan Note Holders
    Terms of the additional funding on par with original Loan Note Subscription Agreement executed in July 2017
    Altura will utilise the additional funds to ensure efficient ramp-up towards nameplate capacity and distribution of lithium concentrate to our offtake partners
    The additional funds will also allow Altura to advance its plans for the Stage 2 expansion of the Altura Lithium Project to 440,000tpa
 
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