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ADDITIONAL US$15 MILLION SECURED FOR THE ALTURA LITHIUM PROJECT...

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  1. bigbluey
    693 Posts.
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    11/09/18
    09:19
    Post #: 35512019
    ​
    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
    AJM Price at posting: 24.5¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 21  Upvote
    lightbulb Created with Sketch.  Great analysis
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