Springbok: Lithium Africa receives two financing offers, including $60 million
Lithium Africa has received two non-binding proposals to finance development of Springbok, its lithium project in South Africa’s Northern Cape. One combines prepayment with purchasing all spodumene concentrate produced during the first three years. The other envisages a $60 million investment by a lithium processing group backed by a Fortune Global 500 company, in exchange for 55% of Lithium Africa’s interest in the project.