ANNOUNCED AS TEMPORARYNo
On 27 June 2017, the Clean Energy Finance Corporation (CEFC) of Australia announced the investment of AUD 20 million (USD 15 million) in bonds from Pilgangoora Operations Pty Ltd, who issued USD 100 million senior secured bond. The objective of the bond is to finance the development of a lithium-tantalum project located in Western Australia.
The purpose of the investment is to assist the supply chain for electric vehicles and energy storage industries.
Pilgangoora Operations Pty Ltd is a wholly-owned subsidiary of the local company ASX-listed Pilbara Minerals Limited.
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