Core Investment Decision - Core Lithium has made a Final Investment Decision (FID) to restart the Finniss lithium project in collaboration with Glencore and Nebari Natural Resources Credit Fund [1] - The restart package includes $170 million from the consortium, with Glencore providing its marketing platform to Core Lithium [2] Financial Projections - The project is projected to reclaim a value of $1.1 billion, with potential cash generation of up to $1.7 billion, based on a conservative long-term spodumene concentrate price of US$1,500 per tonne [3] - The Australian dollar is currently valued just below 71 U.S. cents [3] Operational Strategy - The Finniss project is being repositioned as a lower-cost, long-life brownfield lithium operation, aiming for a nameplate production of 214,000 tonnes per annum (ktpa) [4] - Siteworks for the restart of open-pit operations will commence, with contracts being negotiated in real-time [4] Timeline for Production - First spodumene concentrate production is targeted for the September quarter of 2026, with a staged restart program planned through 2026 and 2027 [5]
Core Lithium to restart Finniss alongside Glencore after $170M injection; cap raise to come
The Market Online·2026-03-18 01:23