New Offtake Agreement and At-Market Placement
Filed with ASX · · 3 pages · English
Summary by 6ix AI
Core Lithium Ltd has announced a new offtake agreement and an at-market placement with Xinfeng for its Finniss Lithium Project, which is located near Darwin in the Northern Territory. The non-binding memorandum of understanding allows for the supply of a significant quantity of lithium concentrate over three years, supplementing existing agreements with other partners. Additionally, the company is completing a strategic share placement to fund further project optimization. This announcement highlights the growing interest in lithium and the potential for increased production capacity at the Finniss project.
Written by 6ix AI from the company’s filing. How 6ix writes summaries
Story so far
Earlier from Core Lithium
- NT Government offers $5m concessional Finance Facility
- Quarterly Activities and Cashflow Report 30 June 2020
- Additional gold prospects identified at Adelaide River
- Core Lithium joins European Battery Alliance
- Multiple rock-chips above 100g/t Gold at Adelaide River
Later from Core Lithium
- Finniss Lithium Project Update
- Core Lithium considers sale of non-core silver assets
- New Gold Prospects Identified at Bynoe Gold Project
- BP33 Lithium Mine Approvals Progress
- Gold grades over 100g/t Au and visible gold - Bynoe Project
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