Chanticleer
Liontown buys time for lithium resurgence with shrunken debt deal
Less money, fewer banks and a lot less time. Liontown’s new debt deal is very different, but it buys the lithium miner time to start up its new mine and pray for better prices.
At first glance, the contrast between Liontown Resources’ new debt deal and the one it thought it had in the bag last October speaks volumes about the declining fortunes of the Australian lithium market.
The debt deal agreed in October following the collapse of a $6.6 billion takeover bid for Liontown by US giant Albemarle, was worth $760 million and stretched for at least seven years.
Subscribe to gift this article
Gift 5 articles to anyone you choose each month when you subscribe.
Subscribe nowAlready a subscriber?
Introducing your Newsfeed
Follow the topics, people and companies that matter to you.
Find out moreRead More
Latest In Mining
Fetching latest articles