Core Lithium (ASX:CXO) struck a binding agreement with Glencore International for the sale of 25,000 tonnes of lithium fines from its Finniss lithium operation in the Northern Territory, according to a Wednesday filing with the Australian bourse.
Pricing under the agreement reflects prevailing lithium fines market conditions, with a base price of around $270 per tonne CIF, and shipment is expected to occur in June through the Darwin Port.
The net proceeds are subject to final grade adjustments and transport costs, the company said.
Core Lithium disclosed an initial sale of 20,000 tonnes of lithium fines to Glencore in April.
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