Core Lithium has finalised the sale of its remaining lithium fines stockpile at Finniss, locking in approximately A$38.5 million in incremental revenue for 2026 through a deal with Glencore.
- Binding agreement with Glencore for final ~25kt lithium fines sale
- Base price set at ~US$285/t (~A$400/t) CIF, subject to adjustments
- Shipment scheduled for December quarter via Darwin port
- Completes monetisation of all Finniss lithium fines stockpiles
- Total lithium sales revenue in 2026 expected around A$38.5 million
Final Lithium Fines Stockpile Sold to Glencore
Core Lithium Ltd (ASX:CXO) has sealed the deal to sell the last 25,000 tonnes of lithium direct shipping ore (DSO) fines from its Finniss Lithium Operation, marking the end of its stockpile monetisation strategy. The binding marketing agreement with Glencore International AG sets a base price of roughly US$285 per tonne (~A$400/t) on a CIF basis, with final proceeds subject to standard adjustments for grade, moisture, impurities, and transport costs.
Incremental Revenue Boost from Stockpile Sales
This transaction follows two earlier sales of lithium fines from the Finniss stockpile in April and June, collectively generating incremental revenue of about A$38.5 million for Core Lithium in 2026. The shipment is slated for the December quarter, departing from Darwin port, and is unconditional aside from the typical commercial terms for DSO transactions.
Strategic Cash Flow Support Amidst Operational Ramp-Up
Core’s managing director Paul Brown highlighted that completing these stockpile sales was a deliberate move to enhance cash flow and financial flexibility as the company ramps up its operations at Finniss. The strong partnership with Glencore underscores Core’s ability to reactivate its logistics chain effectively, paving the way for the first spodumene concentrate shipment expected later this year.
Positioning Ahead of Spodumene Concentrate Shipments
With the lithium fines stockpile now fully monetised, Core Lithium is well-positioned to focus on spodumene concentrate production and shipment, targeted for the December quarter. This milestone aligns with the company’s broader operational progress, including ongoing mining and underground development at Finniss as it moves towards sustained production.
Bottom Line?
Core Lithium’s completion of lithium fines sales delivers a meaningful revenue injection ahead of spodumene concentrate shipments, reinforcing its operational momentum at Finniss.
Questions in the middle?
- How will final grade and transport adjustments impact the ultimate revenue from this sale?
- What are the implications of this stockpile monetisation for Core Lithium’s cash flow and funding flexibility?
- How soon after the fines shipment can investors expect updates on spodumene concentrate production and sales?