Allkem gets $130 million project finance for ‘ambitious targets’
Brisbane-based lithium company Allkem has signed a $US130 million financing facility with the International Finance Corporation to help fund the Sal de Vida project in Argentina.
Allkem said it was in discussions with other lenders for another $US50 million.
The loan with IFC has been structured as a green and sustainability-linked loan which combines “ambitious environmental and social targets”.
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Managing director Martin Perez de Solay said Allkem was proud to partner with the IFC.
“We are committed to the highest sustainable standards for Sale de Vida so that it will contribute to the economy of Catamarca via local employment, the development of supply chains and community development programs,” he said.
The loan is over a 10-year term and contained a two-year grace period.
