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@NoBoDe - this is amazing news - you could have bought a few LTR...

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Taurisk

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29/06/22

20:52

Post #: 62282199
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Originally posted by NoBoDe: ↑

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Ford Motor Company provides loan to Liontown Resources
to develop Kathleen Valley lithium mine

PART
A $545 million lithium mine in Western Australia has been approved for development after its owners, ASX-listed Liontown Resources, signed a deal today with US giant Ford Motor Company to supply the battery metal and back the project with a massive loan.
The green light for the Kathleen Valley mine, 60km north of Leinster in WA's Goldfields, follows last year's approval for the $1.9 billion Mt Holland lithium mine near Southern Cross and a refinery at Kwinana.
Today's deal between Perth-based Liontown and Michigan-headquartered Ford is for the annual supply of up to 150,000 dry metric tonnes of spodumene concentrate for five years, starting from 2024.
It follows similar transactions with Elon Musk's Tesla and South Korean battery maker LG Energy Solution.

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@NoBoDe - this is amazing news - you could have bought a few LTR recently, when they were cheap. I considered buying a few more . . . .but I probably need that money for other purposes.
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