Allkem Eyes US$200m finance facility for Sal de Vida, Argentina
- Allkem (AKE) progresses activities to secure a US$200 million project financing facility for its Sal de Vida project in Argentina
- The company agreed on a non-binding term sheet for the facility with the International Finance Corporation (IFC), which will help support development of the project during stage one
- It says IFC’s environmental and social performance requirements will complement the ESG standards already adopted at the project
- The facility is expected to reach financial close by the end of this year
- Shares are trading 2.03 per cent higher at $14.58 each at 1:18 pm AEDT
