IGO Limited announced the acquisition of land for its projected battery material factory

IGO Limited (ASX: IGO) announced that the Western Australian Government has agreed to lease property in Kwinana for its proposed Integrated Battery Material Facility. It is a significant step towards realising IGO's aim of vertical integration within the battery supply chain.

The planned IBM Facility will be built on about 30 hectares of the unoccupied industrial property leased from the State Government in the Kwinana-Rockingham Strategic Industrial Region. The planned IBM Facility would be built on property adjacent to the Kwinana Lithium Hydroxide Refinery, operated by Tianqi Lithium Energy Australia (TLEA), a joint venture between IGO and Tianqi Lithium Corporation.

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