Ford Motor Co.

NYSE:F   3:59:58 PM EDT
+0.32 (+2.10%)
Debt Financing / Related

Liontown Resources Says Executed Binding Offtake Agreement & Funding Facility With Ford Motor Co

Published: 06/28/2022 22:41 GMT
Ford Motor Co. (F) - Executed a Binding Offtake Agreement and Funding Facility With Ford Motor Co.
Offtake Agreement With Ford is for Supply of Up to 150,000 Dmt per Annum of Spodumene Concentrate.
Supply to Ford is Expected to Commence in 2024.
To Supply 75,000 Dmt of Spodumene Concentrate in Year One of Operations.
Separately, a Ford Unit Will Provide a A$300 Million Debt Facility to Liontown.
Proceeds From Facility to Be Used Towards Partially Funding Development Costs of Kathleen Valley.