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Core Lithium: Awarded $6M grant

Core Lithium Awarded $6M grant

  • Core Lithium (CXO) is granted $6 million under the Federal Government’s modern manufacturing initiative
  • The funds will go towards building a pilot processing facility, which will produce battery-grade lithium hydroxide at Darwin Harbour’s Middle Arm Industrial Precinct
  • Core says it’s on track to begin construction of the facility before the end of the year, with a scoping study currently underway
  • The study will be followed up with a feasibility study, which will be supported by the grant
  • The grant follows the Federal Government’s stamp of approval of major project status for the Finniss Project.
  • The company was up 6.12 per cent, trading at 26 cents at 12:55 pm AEST
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