The highlights are as follows:
- Stage 1 of the competitive offtake partnering process for Ewoyaa complete:
- Folling significant inbound interest in the project
- Stage 2 will now focus on securing funding for a portion of the remaining 50% available feedstock
- To cover the Company's CAPEX allocation & de-risk the development
- Support the supply of lithium into the global electric vehicle market
- The competitive offtake process is being led by global investment bank Macquarie Capital.
"As one of very few near-term spodumene producers with available offtake not yet committed, the partnering process that we are running with Macquarie has highlighted significant interest in Ewoyaa's feedstock.
"Prior to the commencement of the offtake partnering process we received strong interest from a number of parties across the battery minerals space, including OEMS, battery gigafactories, traders and chemical processors. We now move to Stage 2 with a number of preferred parties, and look forward to concluding the offtake partnering process in the coming months”
Neil Herbert, Executive Chairman, Atlantic Lithium (ALL) .