Latest Offtake Agreements News

Syrah Resources and Tesla have agreed to extend the cure date for an alleged default under their offtake agreement to March 2026, buying time to resolve ongoing qualification issues at Syrah’s Vidalia facility.

Boab Metals is set to accelerate construction at its fully funded Sorby Hills Silver-Lead Project in 2026, capitalising on silver prices currently three times higher than previous assumptions. The company aims for first concentrate production by mid-2027, supported by strategic drilling and corporate milestones.

McLaren Minerals’ Pre-Feasibility Study confirms a robust, low-risk titanium mining project in Western Australia, projecting nearly A$900 million EBITDA over 16 years. The study highlights strong market demand and validated processing methods, setting the stage for the next development phase.

VHM Limited has terminated its offtake agreement with Shenghe Resources to pursue broader global partnerships for its Goschen Rare Earths and Mineral Sands Project, appointing Macquarie Capital to accelerate funding and offtake discussions ahead of production in 2027.

Celsius Resources has appointed Grant Samuel as financial adviser to finalise funding for its Maalinao-Caigutan-Biyog copper-gold project in the Philippines, signalling strong international interest and a critical phase ahead.

Estrella Resources has gained regulatory approval to extract a 30,000-tonne bulk sample of high-grade manganese from its Ira Miri project, marking a pioneering step for Timor-Leste’s mining sector under its modern Mining Code.

Metallium’s US subsidiary has locked in a binding multi-year supply agreement with Glencore for electronic scrap, underpinning the commercial scale-up of its innovative Flash Joule Heating technology in Texas.

Chariot Resources has inked a non-binding MOU with Shanghai GreatPower to collaborate on lithium offtake, financing, and processing in Nigeria, marking a significant step in developing the country’s lithium sector.

Nickel Industries has secured a strategic partner in Sphere Corp., which will acquire a 10% interest in the ENC HPAL project and enter into a nickel offtake agreement, marking a significant step into Western aerospace markets.

Kingsland Minerals has initiated a Pre-feasibility Study for its Leliyn Graphite Project and commenced key metallurgical testing with offtake partner Quinbrook, aiming to produce battery-grade spherical graphite.

Blue Star Helium has successfully started helium production at its Galactica project in Colorado, positioning itself as America’s newest helium producer with sales targeted for early 2026. The company’s strategic joint venture and low-cost operations underpin a promising growth trajectory amid rising helium and CO₂ demand.

Meteoric Resources has obtained the Preliminary Environmental Licence without restriction for its Caldeira Rare Earth Ionic Clay Project in Brazil, clearing a key regulatory hurdle and keeping the project on track for mid-2026 construction.