Albanese in, Rinehart Out for ‘Tremendous’ Liontown Raising

Albanese in, Rinehart out for ‘tremendous’ Liontown raising

Gina Rinehart stayed on the sidelines of a bumper Liontown Resources raising anchored by a $50 million investment from the federal taxpayer that gives the lithium miner a ‘big tick’ of approval.

Mum, we bought a lithium mine! Taxpayers tip into Liontown, but not Gina

The federal government’s equity investment in the miner raises some fascinating questions for public money and capital markets.

NRF takes $50m stake in WA lithium project

The National Reconstruction Fund Corporation has made its second investment in Australia’s critical minerals sector, committing $50 million to Liontown Resources’ flagship Kathleen Valley lithium project in Western Australia. The investment, announced on Thursday, forms part of a $365 million fully underwritten institutional placement to support the construction and scaleup of the Gina Rinehart-backed lithium operation. It will also be used to b…

Liontown Resources Announces A$266 Million Placement to Strengthen Balance Sheet

Liontown Resources (ASX:LTR), a responsible battery minerals provider focused on ensuring a reliable supply of essential minerals with world-class assets and strategic partnerships, has announced a fully underwritten institutional placement to raise approximately A$266 million. The offer price is set at A$0.73 per share. In addition, the company will offer existing eligible shareholders the opportunity to participate in a non-underwritten Share …