Liontown Resources, a battery minerals producer, secured a $250 million investment and a 10-year offtake extension from foundational partner LG Energy Solution, a manufacturer of lithium-ion batteries. The companies have executed agreements for five-year $250 million convertible notes, a 10-year offtake extension, and a downstream collaboration agreement to investigate the feasibility of establishing an Inflation Reduction Act (IRA)-compliant conversion plant to process LG Energy Solution offtake material and potential additional tons from any future 4 Mtpa expansion.