Liontown Resources Limited announced aggregate principal amount of the Convertible Notes is $250,000,000 divided into 250,000,000 Convertible Notes each with an initial face value of $1, issue price of $1 for gross proceeds $250,000,000 on July 2, 2024. The transaction includes participation from LG Energy Solution, Ltd. Interest rate is Secured Overnight Financing Rate, payable Semi-annually up to the Maturity Date. Notes matures on five years from the Issue Date.

The Noteholder may elect to convert the Notes into Shares at any time after the date that is 6 months after the Issue Date, up until the date that is 5 Business Days prior to the Maturity Date. The conversion price is AUD1.80 ($1.22443) per Conversion Share. The Notes are not transferrable without the prior written approval of the Issuer except to another member of the LG Group.