By Rhiannon Hoyle


Liontown Resources said Tuesday battery maker LG Energy Solution will invest $250 million in the Australian lithium company via convertible notes and that the companies will jointly consider developing a refinery to process its spodumene into battery-grade lithium chemicals.

The companies also agreed to extend an existing five-year supply deal for Liontown's Kathleen Valley lithium project in Western Australia to 15 years, Liontown said.


Write to Rhiannon Hoyle at rhiannon.hoyle@wsj.com


(END) Dow Jones Newswires

07-02-24 0043ET