Lifeline for Altura as losses mount

DESPITE a half-year net loss that increased 188%, from A$11 million to $31.6 million for its Western Australian lithium operations, Altura Mining managed to sweet talk its financiers into a new $305 million financing package to keep the company ticking over.

Lifeline for Altura as losses mount Lifeline for Altura as losses mount Lifeline for Altura as losses mount Lifeline for Altura as losses mount Lifeline for Altura as losses mount

Altura has finalised a financing deal.

Altura, which breached its debt covenants in September and December, has inked new agreements with its lenders, led by US fund Castlelake, to extend the maturity of the existing US$161 million loan

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