The company plans to use the proceeds with the rapid development of the Nicanda Hill graphite and vanadium deposit in Mozambique.
The LSI facility provides Triton with the ability to set the share issue price, determine the funds raised through placement tranches and when the placement of shares will occur.
Triton will also be able to advance discussions with potential off-take partners, complete the environmental study and the definitive feasibility study for the project by the end of 2015.
Triton managing director and CEO Brad Boyle said: "Obtaining the LSI facility is a great outcome for the Company, as, despite current market condition, it provides Triton the security and ability to continue with the rapid development of the Nicanda Hill deposit."
The company has also announced that Grafex has agreed to extend the timeline for the second tranche payment of $5m in cash and $5m, to acquire remaining 20% stake in Grafex and Mozambique graphite projects.
Boyle said: "This flexibility has provided the Company with the opportunity to continue towards the full acquisition of the Mozambique graphite projects, whilst allowing Triton the ability to continue with the exploration and development of the project areas."
