mining

Liontown Resources announces A$550 million debt facility

Kitco Media
By Michael McCrae
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Liontown Resources announces A$550 million debt facility teaser image

Kitco News - Liontown Resources (ASX:LTER) announced today a A$550 million debt facility to fund the company's Kathleen Valley lithium project through first production and ramp-up to the 3Mtpa base case. 

The syndicate of lenders comprises Commonwealth Bank of Australia, National Australia Bank Limited and Societe Generale. Payment on maturity begins in October 2025. 

The company says that Kathleen Valley remains on schedule and budget to commence first production in the middle of this calendar year.

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Michael McCrae

Michael McCrae is leading Kitco's coverage of the mining sector. McCrae, who has both an MBA and CMA, knows how to build digital media properties. He was co-founder and publisher of MINING.com, an award-winning news site. Before coming to media, McCrae worked in IT and banking. Please reach out: mmccrae@kitco.com or (514) 670-1383. You can also follow him at @michaelmccrae.

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