After a tumultuous week, Liontown has managed to lock in a debt and equity package to fund its flagship mine. But the shadow of major shareholder Gina Rinehart hangs heavy over the company.
that would be driven by a decades-long boom in global electrification, with a low cost, high-quality project in the Kathleen Valley mine.“We know we’re the best people to understand the value of our assets,” Ottaviano declared.led to US lithium giant Albemarle abandoning its $3 a share bid for the company on Monday, and forced Liontown to scramble to secure a $1.136 billion package of debt and equity to fund Kathleen Valley.That is a 35 per cent discount to Liontown’s last closing price of $2.
On one view, you’ve got to hand it to Ottaviano – having seen the Albemarle offer evaporate on Sunday, he’s ended up with a fully funded project by Thursday night.
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