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Toronto firm backs NT lithium project

Toronto’s Lithium Royalty Corporation is placing a A$8.15 million bet on successful development of Core Lithium’s Finniss project being the first lithium mine in the Northern Territory, by offering a major cash injection into the company in return for a 2.5% gross production royalty.

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Core Lithium's Finniss lithium project in Australia's Northern Territory

Core has also announced a parallel share purchase plan to raise a further A$2 million at 4c, with the plan underwritten for $1 million by sophisticated and institutional investors.