There was no official announcement by LTR about the portion of the $550 Million that was going to be funded by the gov, but some media indicated that it was going to be $230 million by two agencies:
https://www.australianmining.com.au/federal-government-backs-liontown/
If we are to believe LTR, that funding was cancelled once they came into agreement with LG:
"The Convertible Notesreplace the A$550 million debt facility announced on 13 March 2024 (A$300 million of which was to be usedto repay the Ford facility), which is no longer required and will be cancelled."
https://www.ltresources.com.au/wp-content/uploads/2024/07/61214130.pdf
But who knows. Gov's lendings tend to have soft interests, so it might be interesting to maintain that door open...
Lithium Related Media Articles, page-24192
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83.5¢ |
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