Lithium producer Allkem inks $130M Sal de Vida project financing with World Bank member IFC

- Lithium producer Allkem announced Tuesday the signing of a US$130M project financing facility with the International Finance Corporation for Allkem’s Sal de Vida project located in Catamarca Province, Argentina.

Allkem added that the company is also in discussions with another lender to increase the project finance facility by a further $50M, for a total financing package of $180M. Managing Director and CEO Martin Perez de Solay commented, “We are proud to partner with IFC to ensure long-term safe and sustainable operations, responsible products, and thriving communities. We are committed to the highest sustainability standards for Sal de Vida so that it will contribute to the economy of Catamarca via local employment, the development of local supply chains, and community development programs.

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