Allkem Limited secures additional financing for Sal de Vida Project

Allkem Limited (ASX:$AKE) has announced an increase in its project financing for the Sal de Vida Project in Catamarca Province, Argentina. The International Financing Corporation (IFC) has supplemented the existing financing by an additional US$50M with IDB Invest, bringing the total project financing to US$180M. The financing remains structured as green and sustainability-linked loans, in line with internationally recognised environmental and social standards.

Executive Commentary on the Sal de Vida Project Financing

We are pleased to increase the size of the sustainability-linked green loans for Sal de Vida which combine ambitious environmental and social targets. These targets and commitments support the responsible and sustainable development of lithium for a greener future and regional economic growth in the province of Catamarca. We are proud to partner with IFC and IDB Invest to ensure long-term safe and sustainable operations, including local employment, the development of local supply chains, and community development programs.

Summary of Allkem's Sal de Vida Project Financing

Allkem Limited (ASX:AKE) has secured an additional US$50M financing for its Sal de Vida Project in Argentina, bringing the total project financing to US$180M. The financing, structured as green and sustainability-linked loans, is supported by IDB Invest and IFC, reflecting the company's commitment to environmentally and socially responsible practices. The increased financing will contribute to the responsible and sustainable development of lithium for a greener future and regional economic growth in Catamarca Province. Allkem aims to ensure long-term safe and sustainable operations, including local employment, the development of local supply chains, and community development programs.