Lithium Price25 Jan 2024 14:17
This interesting statement by Atlantic Lithium's CEO confirms the very high interest in lithium despite the ongoing lithium price discussion. PREM is on the verge of producing lithium SC6-7 while others are still planning to establish partners, customers and financing.
"As one of very few near-term spodumene producers with available offtake yet to be committed, the ongoing partnering process that we are running with Macquarie has highlighted the significant interest in Ewoyaa's feedstock, despite the backdrop of weakened lithium prices.”
"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. Non-binding indicative offers were received and reviewed during Stage 1, and we now move to Stage 2 with a number of preferred parties.”
"We look forward to concluding the offtake partnering process in the coming months, which represents a major milestone in securing funding to cover the Company's allocation of development expenditure for the Project and advancing Ewoyaa towards construction and production."