trending Market Intelligence /marketintelligence/en/news-insights/trending/acfwtqwwvcenwww59rxrxq2 content esgSubNav
In This List

Lithium Australia secures A$18.3M loan to advance pilot plant

Blog

Insight Weekly: US stock performance; banks' M&A risk; COVID-19 vaccine makers' earnings

Blog

Insight Weekly: LNG exports surge; investors unfazed by inflation; neobanks drive VC funding

Blog

Essential Metals Mining Insights November 2021

Blog

[Infographic]: 2021 World Exploration Trends


Lithium Australia secures A$18.3M loan to advance pilot plant

Lithium Australia NL secured a A$18.3 million convertible note facility from U.S. institutional investor Arena Investors LP.

The company will use the funds to advance its large-scale Sileach pilot plant, to produce lithium chemicals and to recommission a lithium-ion battery cathode plant owned by its acquisition target Very Small Particle Co. Ltd.

The notes have a face value of A$21 million and will be issued at a 13% discount.

They are unsecured and will be drawn down in six separate tranches, each with a 12-month maturity.