Sal de Vida

inactive

Sal de Vida(the "Project") is a project for the development, construction, and operation of a lithium facility located in the province of Catamarca in the Salar del Hombre Muerto, approximately 1,400 km northwest of Buenos Aires, Argentina. The project includes the development, construction, and operation of a 15ktpa lithium carbonate project, of predominantly battery grade quality. The transaction will be structured as a 9.5-year senior loan with a 30-month grace period. Lithium is a critical mineral in the global transition to a low-carbon future, as it is one of the most suitable metals for batteries. The demand for lithium-ion batteries has accelerated in recent years due to increasing global demand for electric vehicles (EVs), mobile devices, and networked storage, which has transformed the market dynamics.The Project Company or the Borrower, Galaxy Lithium Sal de Vida S.A., incorporated in Argentina, is a wholly owned subsidiary of Allkem Limited (Allkem), the Sponsor; Allkem is based in Argentina and is listed on the Australian Stock Exchange (ASX: AKE) and the Toronto Stock Exchange (TSX: AKE). Allkem is the result of the merger of equals between Orocobre Limited and Galaxy Resources Limited in August 2021. Allkem is one of the largest lithium chemical companies by production and market capitalization, with a market share of ~10%.