PERTH – The International Finance Corporation will provide ASX- and TSX-listed lithium producer Allkem up to A$180-million for the development of its Sal de Vida project, in Argentina.
“We are proud to partner with IFC to ensure long-term safe and sustainable operations, responsible products, and thriving communities.
The Stage 2 expansion would add an additional 30 000 t/y of production at a capital cost of $524-million, bringing total production to 45 000 t/y. The Stage 2 construction is scheduled to start immediately after Stage 1 construction is completed, with Stage 2 production targeted for 24 months later. “Our investment in Allkem is part of IFC’s strategy to develop global supply chains that accelerate the transition to a low-carbon future while creating jobs,” said IFC MD“It will strengthen Argentina's position as one of the world's leading lithium producers and help set high sustainability standards for the lithium mining industry."