Core Lithium Secures Second 25kt Lithium Fines Sale to Glencore

Second Lithium Fines Sale Bolsters Core's Liquidity

Core Lithium Ltd (ASX:CXO) has locked in a second sale of 25,000 tonnes of lithium fines from its Finniss Lithium Operation stockpile to Glencore International AG, following an initial 20,000-tonne sale earlier this year. The deal, priced at a base of approximately US$270 per tonne CIF, adds to Core’s growing cash flow, with total lithium sales revenue in 2026 reaching about A$28.5 million. This transaction underscores Core’s strategy to monetise existing stockpiles and generate liquidity ahead of the full restart of mining and processing activities at Finniss.

Pricing and Shipment Details Reflect Market Conditions

The sale price is anchored on prevailing lithium fines market conditions and the indicative lithium oxide (Li₂O) content, with final proceeds subject to customary adjustments including grade, moisture, impurities, and transport costs. Shipment is slated for June 2026 via Darwin Port. The agreement is unconditional and follows the company’s earlier spodumene concentrate stockpile sale in February and the initial fines sale in April, demonstrating Core’s effective logistics and market access through its partnership with Glencore.

Operational Progress at Finniss Supports Sales Momentum

Mining activities at Finniss continue to advance, with operations underway at the Grants open pit and development progressing steadily at the BP33 underground deposit. Box cut remediation and ground support preparations for the portal face are nearing completion, while bulk earthworks for non-process infrastructure, including a completed power station pad, are on track. Underground decline development is scheduled to commence in July 2026. These milestones position Core well to expand production capacity and sustain lithium output over the coming years.

Core Eyes Further Monetisation of Remaining Stockpile

With approximately 30,000 tonnes of lithium fines still stockpiled, Core is actively exploring options to realise additional value. Managing Director Paul Brown highlighted the importance of these sales in strengthening Core’s financial flexibility as the company ramps up operations and advances development at Finniss. The company’s ability to convert stockpiled material into cash while progressing mining and processing restarts provides a buffer against market volatility and supports ongoing capital deployment.