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ioneer Announces Lithium Offtake Agreement with Korea’s EcoPro Innovation
June 30, 2021 GMT
Highlights:
Binding lithium offtake supply agreement (“Agreement”) signed with Korea’s EcoPro Innovation Co. Ltd (“EcoPro”), a subsidiary of the EcoPro Group of Companies. The condition precedent of the Agreement is ioneer’s final investment decision (FID).
EcoPro Group is the world’s second largest NCA cathode materials manufacturer and a major cathode supplier for global battery manufacturers.
The three-year Agreement is for a total of 7,000 tpa of lithium carbonate from ioneer’s Rhyolite Ridge Lithium-Boron operation in Nevada, comprising an initial and firm 2,000 tpa (subject to ioneer’s FID) and an additional and optional 5,000 tpa (subject to mutual agreement no later than Q1 2022).