Altura concludes offtake agreements with Chinese battery firms

July 10, 2017

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ASX-listed lithium developer Altura Mining has executed a binding offtake agreement (BOA) with Chinese battery producer Shaanxi J&R Optimum Energy and has revised the terms of the existing BOA with China-based lithium and battery materials processor Lionergy to align both agreements. Altura MD James Brown said on Monday that the completion of the BOAs marked a “significant milestone” for the company and its offtake partners and provided support for the advanced development of the Pilgangoora lithium project, in the Pilbara region of Western Australia. He highlighted that the completion of the BOAs would provide increased certainty and confidence for investors and prospective financiers of the project.

Category: General