The original offtake agreement signed in 2017 was for 160 ktpa of spodumene concentrate. The amendment adds an additional 150 ktpa in 2024, and 100-150 ktpa in 2025 and 2026.
The agreement follows a recent trip Pilbara management took to China, the first since January 2020.
Adamas take: It is possible there’s more than meets the eye with this agreement. Simple organic growth is plausible, however Ganfeng is ramping up supply from several projects it holds stakes in (i.e., Wodgina, Goulamina). With lithium prices back down to earth, the offtake from Pilbara could signal a de-risking of supply from these projects.
Ganfeng to up Goulamina stake to 60% net equity
Ganfeng announced this week that it intends to purchase an additional 5% equity interest in Mali Lithium, the holding company of the Goulamina Lithium Project, which is set to deliver first spodumene concentrate out of Mali this year.
$65M cash will be paid directly to Leo…
