Core Lithium Approves Final Investment Decision for Northern Territory Project Restart

MT Newswires Live08:55

Core Lithium (ASX:CXO) approved the final investment decision for the restart of operations at the Finniss project in the Northern Territory, according to a Wednesday filing with the Australian bourse.

The company secured a funding package for project construction and restart, including $120 million in aggregate from a consortium comprising Glencore Australia, InfraVia CMF Invest, and Nebari Natural Resources Credit Fund II, and a further AU$120 million equity raise, the filing said.

The company also entered into a five-year purchase and distribution arrangement with Glencore International for the sale of lithium products from the project, per the filing.

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