3-Year Off-Take Agreement with SungEel HiTech

Lithium Australia Ltd (ASX: LIT) has recently signed a 3-year Mixed Metal Dust (MMD) off-take agreement with SungEel HiTech Co., Ltd., a leading South Korean battery recycler. Under this off-take agreement, SungEel HiTech will be purchasing a minimum of 60% of Lithium Australia’s annual MMD production, subject to rigorous quality requirements being met. This partnership not only validates the high-quality MMD produced by Lithium Australia but also marks a significant strategic collaboration for the Company’s growth strategy.

In addition to the off-take agreement, both parties have initiated discussions on a joint development agreement, further solidifying the partnership for mutual growth and innovation. This development signifies a major milestone for Lithium Australia and its subsidiary, Envirostream Australia Pty Ltd, in leading Australia’s onshore battery recycling industry.

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