Liontown Resources Limited (AU:LTR) has released an update.
Liontown Resources has announced a significant expansion of its strategic partnership with LG Energy Solution, including a US$250 million investment and a 10-year offtake agreement extension. The deal bolsters Liontown’s financial position with a total cash balance of approximately A$501 million, ensuring robust funding for the Kathleen Valley lithium project’s production ramp-up. Additionally, the companies will explore the feasibility of establishing an IRA-compliant lithium refinery, marking a strategic step towards Liontown’s goal to become a major provider of battery minerals.
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