Pilbara Minerals (ASX:PLS) has secured a 10-year debt facility from the Australian Government, to support the expansion of its Pilgangoora operation in Western Australia.

Export Finance Australia will provide $125M in funding, and Northern Australia Infrastructure Facility will also provide $125M.

Pilbara Minerals says the money will support the construction of the Pilgan Plant expansion, and the crushing and ore sorting facility.

The lithium producer?s share price hit $5.42 this morning.