Liontown Resources boss Tony Ottaviano says “something has to change” in the way critical projects are financed going forward, and sent out a warning that new mining builds are too expensive to be built in cash.
Mr Ottaviano told a Macquarie Australia Conference crowd there had been a “learning curve that major commercial banks had to go through to understand the risk profile of critical minerals” and emphasised that new lithium mines in the future would also need debt support, and not just equity, to get up.
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