Brief: Liontown To Earn Up To 100% Of Centenario Brine Project
BRIEF-Liontown To Earn Up To 100% Of Centenario Brine Project Sept 1 (Reuters) - Liontown Ltd LTR.AX:
LIONTOWN TO EARN UP TO 100% OF CENTENARIO BRINE PROJECT
ENTERING INTO A STRATEGIC PARTNERSHIP WITH NEXT LITHIUM CORP
INITIAL CONSIDERATION PAYABLE UPON FARM-IN AGREEMENT BECOMING UNCONDITIONAL COMPRISES US$5 MILLION IN CASH AND US$10 MILLION IN LIONTOWN SHARES
STAGED PATHWAY TO ACQUIRE UP TO 100% OF CENTENARIO BRINE PROJECT ON US$40 MILLION OF PROJECT EXPENDITURE OVER 4 YEAR PERIOD, OTHERS
Further company coverage: LTR.AX
((Reuters.Briefs@thomsonreuters.com;))
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Brief: Liontown To Earn Up To 100% Of Centenario Brine Project