Original article by Brad Thompson
The Australian Financial Review – Page: 14 : 3-Jul-24

Liontown Resources will issue South Korea-based LG Energy Solutions with five-year convertible notes as part of a $US250m ($379m) deal to help finance the Kathleen Valley lithium project in Western Australia. Based on Liontown’s current share price, LG would emerge with an equity stake of about eight per cent in the company if it chooses to fully convert the notes. LG has also extended its existing five-year offtake deal with Liontown by a decade. Meanwhile, Liontown CEO Tony Ottaviano has flagged the potential to build a battery chemical refinery in partnership with LG.

CORPORATES
LIONTOWN RESOURCES LIMITED – ASX LTR, LG ENERGY SOLUTIONS