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ioneer Announces Lithium Offtake Agreement with EcoPro Innovation

30 Jun 2021  |  11:12:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: ioneer Announces Lithium Off Take Agreement with EcoPro

ioneer announced that it has signed a binding offtake supply agreement (Agreement) with EcoPro Innovation (EcoPro), for a three-year term, in which Company will supply EcoPro with lithium carbonate from its Rhyolite Ridge LithiumBoron Project (Rhyolite Ridge) in Nevada. The condition precedent of the Agreement is Company's final investment decision (FID). Under the Agreement, it will deliver up to 7,000 tpa of lithium carbonate to EcoPro over a three-year term. The 7,000 tpa comprises an initial and firm 2,000 tpa and an additional and optional 5,000 tpa. EcoPro expects to convert Company's lithium carbonate into high purity lithium hydroxide at its cathode plant to meet its customers' requirements.

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