Liontown taps UBS for equity raising as Albemarle walks

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Liontown taps UBS for equity raising as Albemarle walks
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Liontown Resources is expected to tap both debt and equity capital markets to fund its flagship Kathleen Valley project.

Lithium explorer Liontown Resources is expected to tap both debt and equity capital markets to fund its flagship Kathleen Valley project, after its NYSE-listed suitor Albemarle folded its cards on Monday morning.Street Talk understands Liontown has brought in UBS to stitch together the equity raising. Fund managers were yet to receive terms.

Greenhills and law firm Allens are advising Liontown. JPMorgan, Barrenjoey and Corrs Chambers Westgarth were on the Albemarle side.

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