PLS Group, formerly Pilbara Minerals, has signed a two-year offtake agreement with Chinese firm Canmax Technologies for spodumene concentrate supply from the Pilgangoora operation in Western Australia’s Pilbara region.
Under the deal’s terms, PLS will supply 150,000 metric tons annually for two years, with an option to supply additional volumes each year, and the agreement can additionally be expanded for one additional year. There is a US$1,000-per-tonne minimum for all material supplied, but no maximum price.
“This agreement builds on our established relationship with Canmax and reflects both the quality and consistency of Pilgangoora’s spodumene and PLS’ proven capability as a reliable, large-scale operator,” PLS managing director and CEO Dale Henderson said.
“The agreement strengthens our near-term liquidity and preserves operational flexibility. Deepening our partnership with Canmax further diversifies our customer base and reinforces PLS’ position as a leading, reliable supplier at scale to the lithium materials market.”
Source: PLS Group