Lithium miner Allkem to receive up to $180 million to develop Argentina plant

Allkem

24/07/2023 21:42

July 24 (Reuters) - Lithium miner Allkem will receive a
loan up to $180 million to develop a battery-grade brine lithium
plant at the Sal de Vida site in Argentina, the International
Finance Corporations (IFC) said on Monday.
    The IFC, a development institution, will put up to $100
million out of its own account and up to $30 million "in
mobilization," it said in a statement. Another $50 million is
expected to come in a parallel loan arranged by the IFC.

 (Reporting by Kylie Madry; Editing by Brendan O'Boyle)
 ((Kylie.Madry@thomsonreuters.com;))