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PLS Secures $100M Prepayment in New Two-Year Spodumene Deal with Canmax
8:34am on Tuesday 10th of February, 2026 AEDT
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Mining
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PLS Secures $100M Prepayment in New Two-Year Spodumene Deal with Canmax
8:34am on Tuesday 10th of February, 2026 AEDT
Key Points
Two-year binding offtake for 150,000 tonnes per annum with option to extend
Price floor set at US$1,000 per tonne with unlimited upside exposure
US$100 million unsecured, interest-free prepayment to enhance liquidity
Supply to commence in 2026 from Pilgangoora Operation
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