No Offer Forthcoming IMO, page-75

On 9 February 2024, LG site visited KV project.

Here's the media reported on 12 February 2024,

Mr Ottaviano revealed Liontown was in talks with offtake partners and others about financing for its flagship Kathleen Valley lithium project in WA.

Liontown remains confident about the future of what will be Australia’s next big lithium mine despite the price headwinds.

The talks with offtake partners are on top of negotiations with Australia’s big four banks, which were part of a syndicate that pulled a $760 million funding package for Liontown last month based on a collapse in lithium prices and a grim Wood Mackenzie forecast for the sector.

Liontown is working on a scaled-back version of the funding package with the syndicate that also includes HSBC and Societe General, and Australian government credit agencies Export Finance Australia and the Clean Energy Fund.

The lithium hopeful’s other funding options include off-take partners Ford, Tesla and LG Chem which, combined, have locked up 500,000 tonnes of annual spodumene production over the first five years of the Kathleen Valley mine life.

LG Chem executives visited Kathleen Valley in the northern Goldfields last Friday to check on progress at the mine, which is nearing completion and remains on track to start production in July.