The deal, being the first direct investment by an automobile manufacturer into an upstream lithium supplier in Australia, involves an upfront equity subscription by Great Wall Motor Company for Pilbara Minerals’ shares, debt financing for the expanded second stage development of Pilbara’s Pilgangoora lithium-tantalum project, and an offtake agreement for up to 150,000 tonnes per annum of spodumene concentrate with an initial 5-year term. The Allion team was led by Hayley Lawrance.