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Lithium Australia Limited uploaded a News Release
June 13, 2024
Lithium Australia Signs MMD Off-Take Agreement with SungEel HiTech
Release Highlights:
◼ Lithium Australia has signed a 3-year Mixed Metal Dust (MMD) off-take agreement with South Korean battery recycler SungEel HiTech, committing SungEel to purchase a minimum of 60% of Lithium Australia’s annual MMD production, subject to quality requirements being met.
◼ This agreement validates the high quality of Lithium Australia’s MMD and supports the company’s growth strategy, highlighting the strong market demand and anticipated increase in future production volumes.
◼ Following the off-take agreement, discussions have commenced on a joint development agreement aimed at upgrading recycling equipment and expanding processing capacity, with the JDA subject to negotiation and relevant approvals.