Exclusives | Asia

Australia’s Liontown in talks with US Defense Dept on tantalum supply 

7 December 2023, 12:00 am
1 min read
Sailboats dock in front of the Melbourne skyline May 12, 2010. REUTERS/Mick Tsikas (AUSTRALIA - Tags: CITYSCAPE TRAVEL)

Reuters exclusively reported that Miner Liontown Resources (LTR.AX) is speaking with the United States Department of Defense about supplying tantalum from its Australian operations if the U.S. passes a new regulation by year end as expected, its chief executive told Reuters on Thursday. Lining up a tantalum deal with the U.S. defense department would provide the company a crucial endorsement and potentially future funding as it develops its Kathleen Valley lithium mine, seen as one of the most promising deposits of the metal.