Reuters exclusively reported that Miner Liontown Resources (LTR.AX) is speaking with the United States Department of Defense about supplying tantalum from its Australian operations if the U.S. passes a new regulation by year end as expected, its chief executive told Reuters on Thursday. Lining up a tantalum deal with the U.S. defense department would provide the company a crucial endorsement and potentially future funding as it develops its Kathleen Valley lithium mine, seen as one of the most promising deposits of the metal.
Business & Finance
Australia’s Liontown in talks with US Defense Dept on tantalum supply
07 December 2023, 5:15 am 1 minute
Market Impact
Kathleen Valley is expected to produce around 430 tonnes (950,000 lb) per annum of 30% tantalum concentrate, equivalent to around 285,000 lbs.
Article Tags
Topics of Interest: Business & Finance
Type: Reuters Best
Sectors: Commodities & Energy
Regions: Asia
Countries: Australia
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Important Regional Story