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BRIEF-Pilbara Minerals ‍executes terms sheet with Great Wall Motor
September 28, 2017 / 9:01 AM / a month ago

BRIEF-Pilbara Minerals ‍executes terms sheet with Great Wall Motor

Sept 28 (Reuters) - Pilbara Minerals Ltd:

* ‍Executed binding terms sheet with Great Wall Motor Company

* Terms sheet to further underpin stage 2 expansion of its 100%-owned Pilgangoora Lithium- Tantalum project in Western Australia

* Subscription agreement also executed with Great Wall for an upfront A$28m equity investment in Pilbara Minerals

* Under deal, Great Wall has ability to secure further off-take by providing co with US$50 million debt financing for expansion Source text for Eikon: Further company coverage:

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