Latest Offtake Agreements News

Prairie Lithium restructures its board to sharpen focus on commercial lithium production, with Paul Lloyd stepping up as Executive Chairman to lead corporate strategy and financing.

Develop Global has locked in a major A$70 million mining contract for its Pioneer Dome lithium project, setting the stage for first sales in the December quarter of 2026. Strong drilling results and a binding offtake deal with Trafigura underpin the project’s fast-tracked development and cashflow outlook.

New Talisman Gold Mines commissioned its processing plant and secured commercial offtakes while reporting a $2.26 million net loss in FY26. The company is refocusing on geological modelling and targeted drilling to boost resource confidence and production.

The Elmet Group has exercised its option to acquire 20 million shares in EQ Resources, lifting its stake to over 23.6 million shares and reinforcing a strategic partnership that aligns mining and manufacturing in the Western tungsten supply chain.

Charger Metals has expanded its Medcalf Lithium Inferred Mineral Resource Estimate by 34% to 10.6 million tonnes at 1.0% Li2O, with tantalum grades also impressively high. The adjacent Medcalf West target adds further upside as Charger refocuses on advancing Lake Johnston.

Ioneer has secured non-binding letters of intent with Korea’s KIND and Hyundai Engineering, marking a key step towards a Final Investment Decision for the Rhyolite Ridge lithium-boron project, targeting first production in 2029.

Ore Resources Ltd has revealed new assay results from a 3,300m RC drilling program at its Kangaroo Hills Lithium Project, confirming significant extensions at the Big Red and Potoroo pegmatites and advancing near-term commercialisation options.

Iluka Resources has secured a multi-year, take-or-pay rare earths supply contract with a major automotive company, aligning with its Eneabba refinery ramp-up and backed by a $1.65 billion government loan for refinery completion.

Viridis Mining hosted European Union Commissioner Jozef Síkela at its Colossus Rare Earth Project in Brazil, marking a key step in forging strategic critical minerals partnerships between Brazil and Europe.

Caravel Minerals has lifted the confidence in its Caravel Copper Project with a 48% increase in Proved Ore Reserve tonnage, maintaining stable total contained copper while adding new metal grades to the reserve estimate.

Great Divide Mining Ltd (ASX: GDM) has received its first cash payment of USD 78,480.35 from gold concentrate sales at its Challenger Gold Mine, marking a key milestone in its transition from explorer to producer within three years of listing.

Great Divide Mining Ltd (ASX: GDM) has received its inaugural cash payment from concentrate sales under a 12-month offtake agreement, marking a key step from exploration to production at its Challenger Gold Mine.