Latest Offtake Agreements News

Sunrise Energy Metals pushed forward its Syerston Scandium Project with key permitting, FEED study progress, and a Concept Level Study for tripling scandium oxide output. The company also made a strategic US$5 million investment in Agni Semiconductor, signalling a pivot into downstream scandium-enabled technologies.

American Tungsten & Antimony Ltd (ASX: AT4) has named Casper Adson as CEO to spearhead its metallurgical strategy, aiming to transform its US antimony and tungsten assets into defence-grade products and tap into US government funding.

Ioneer has signed non-binding MOUs with Korea’s KIND and Hyundai Engineering, edging closer to a Final Investment Decision for its Rhyolite Ridge lithium-boron project in Nevada.

EV Resources (ASX:EVR) accelerates its Tecomatlán plant timeline to 10-12 months for flotation circuit operation using third-party ore, while concluding Phase 1 drilling at Los Lirios with high-grade antimony results and validated assays.

Rio Tinto has opted out of operating Sovereign Metals' Kasiya project, ending its exclusive marketing rights and allowing Sovereign to pursue a US-focused critical minerals approach. Sovereign aims to secure binding offtake deals with US and allied partners, leveraging Kasiya's strategic minerals for Western supply chains.

Zeotech Limited has extended its offtake agreement with Jiangsu Mineral Sources International Trading Co. to April 2027, while completing a major drilling campaign and securing key environmental and infrastructure approvals at the Toondoon Kaolin Project.

Talga Group has begun commercial deliveries of its Talnode®-C battery anode to Nyobolt, marking a key revenue milestone and advancing its European supply ambitions. The 3,000-tonne offtake deal sets the stage for Talga's planned commercial-scale anode plant, with further customer negotiations underway.

VHM Limited has locked in a binding offtake agreement covering 100% of rare earth concentrate from its Goschen Project and secured A$40 million in convertible note funding from Iluka Resources, advancing the project towards final investment decision.

Australian Silica Quartz Group (ASQ) has finalized its acquisition of Australian Kaolin, gaining control of the White Swan Kaolin Project with a 47Mt inferred resource and an approved mining plan. The company raised $750,000 to advance development and is targeting export markets in Asia.

Black Rock Mining has secured an extension of its US$204 million debt facility to November 2026, providing more time to finalise equity funding for the Mahenge Graphite Project in Tanzania.

Australian Oil Company (ASX:AOK) has kicked off Phase 1 development in Queensland's Surat Oil Basin, completing well interventions at Emu Apple-1 and revising plans for Riverslea-3 to boost production and exploration.

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.