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ioneer Ltd locks in first lithium offtake for Rhyolite Ridge

ioneer Ltd locks in first lithium offtake for Rhyolite Ridge ioneer Ltd s (ASX:INR) (OTCMKTS:GSCCF) Bernard Rowe caught up with Proactive s Andrew Scott soon after announcing they ve signed their first binding offtake supply agreement for its lithium carbonate from the Rhyolite Ridge project in Nevada, USA. It s with EcoPro Innovation Co Ltd, a subsidiary of a South Korean battery maker and the world’s second-largest nickel-cobalt-aluminium oxide (NCA) cathode materials manufacturer. Quick facts: ioneer Ltd

ioneer Announces Lithium Offtake Agreement with Korea s EcoPro Innovation

Press release content from PR Newswire. The AP news staff was not involved in its creation. 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).

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