Labor Pledges $50 Million to Liontown’s Lithium Mine

Liontown Resources wins federal backing to expand WA mine as part of a $266 million capital raise under Future Made in Australia plan.

A Hyundai KONA Electric charges at a EV charge station in Sydney, Australia, on Jan. 19, 2021. Brendon Thorne/Getty Images

The Albanese Labor government has decided to inject $50 million of taxpayer funds into Western Australian (WA) lithium producer Liontown Resources.

The Aug. 7 pledge will come via the National Reconstruction Fund (NRF) and comprise part of Liontown’s $266 million institutional capital raise.