PILBARA WELCOMES CORNERSTONE INVESTMENT BY AUSTRALIA’S CLEAN...

PILBARA WELCOMES CORNERSTONE INVESTMENT BY AUSTRALIA’S CLEAN ENERGY FINANCE CORPORATON CEFC confirms its involvement as a cornerstone investor in Pilbara’s recently completed US$100M bond issue, which underpins project finance for the Pilgangoora Lithium-Tantalum Project

HIGHLIGHTS:
• The Clean Energy Finance Corporation, a corporate entity of the Australian Government, confirms its involvement as a cornerstone investor in Pilbara Minerals’ recently completed US$100M senior secured bond issue, which underpins the project funding package for the Pilgangoora Lithium-Tantalum Project.
• The CEFC was established to facilitate an increased flow of funds for the commercialisation of Australian-based renewable energy, energy efficiency and low-emissions technologies.
• The CEFC investment recognises the pivotal role that the Pilgangoora Project will play in the supply of lithium raw materials to the rapidly growing global battery and renewable energy storage market.
• Full-scale site construction of the A$234M Pilgangoora Project is about to commence after the Pilbara Minerals Board endorsed the full development of the project last week.