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LTR — Liontown News Story

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Brief: Liontown To Earn Up To 100% Of Centenario Brine Project

BRIEF-Liontown To Earn Up To 100% Of Centenario Brine Project

- 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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