Core Lithium will restart its Finniss lithium mine based on $170 million in funding from a consortium of three companies which includes Glencore Australia, and plans for $120 million in equity raising, the company has said in a statement to the Australian Stock Exchange.

The company paused operations at its Finniss mine south of Darwin at the start of January 2024 – after beginning in late 2022 – with the company citing the 75 per cent reduction in lithium prices but said it would continue to process ore stockpiles.

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