Latest Offtake News

Elementos has secured approval for the 8.1km access corridor at its Oropesa tin project in Spain and made its Robledollano smelter option unconditional. The company ended September with A$38.6 million in cash, but still needs primary permits, financing and offtake agreements before a final investment decision.

TG Metals has reported high-grade lithium intercepts at its Burmeister deposit, including 12.35 metres at 1.53% Li2O and individual intervals above 2%. Six composite samples also exceeded the company’s nominal direct shipping ore specification, although the project remains at an inferred-resource and pre-feasibility stage.

Zhejiang Huayou Cobalt has completed its acquisition of Elevra Lithium’s rights in Atlantic Lithium’s Ghana portfolio, securing a 22.5% interest and assuming key project obligations. Huayou will sole-fund a further US$66 million of development costs to earn an additional 27.5% interest in Ewoyaa.

NH3 Clean Energy has expanded the potential market for its WAH2 clean ammonia project and completed key environmental surveys, but now expects to make its final investment decision in 2027 rather than 2026. The company ended September with A$4.404 million in cash after raising A$4 million from predominantly institutional investors.

EcoGraf has identified a potential 20% increase in Epanko’s Stage 1 production capacity, while contracted European offtake has doubled to 40,000 tonnes per annum. The company is advancing debt financing and downstream plans, but its higher-output case remains outside the current financing base case.

Metallium has signed a non-binding MOU with global commodity trader Traxys to explore feedstock, processing, offtake and financing opportunities for U.S. critical metals. The framework could improve the path to commercial scale, but it contains no binding volumes, prices, funding or sales commitments.

Vanadium Resources has begun a preparation phase aimed at securing development finance and shortening the route to a definitive feasibility study and final investment decision for its proposed South African V-Iron plant. The plan is constructive, but funding remains unapproved and the project still faces significant technical, permitting, offtake and equity hurdles.

Sarytogan Graphite has completed a 50,000-tonne-a-year upstream graphite DFS and extended copper porphyry exploration in Kazakhstan, but held only A$1.015 million in cash at quarter end. The company estimates that balance represents 0.88 quarters of funding at its recent spending rate, leaving project financing and potential capital raising firmly in focus.

Condor Energy has completed an independent development study for its 1 Tcf Piedra Redonda gas project and received formal qualification to negotiate a proposed offshore Peru licence. The company ended the September quarter with A$2.945 million in cash and estimated funding of 6.62 quarters.

Elevra Lithium has completed the sale of its Ghanaian Ewoyaa project interest to Zhejiang Huayou Cobalt for US$71 million in cash before fees and taxes. The deal removes its development funding obligations and transfers its spodumene offtake rights, leaving the company more focused on its North American portfolio.

Revolver Resources has secured a A$3 million bridge facility to fund the next stage of early works at its Dianne Copper Mine Project. The funding removes an immediate development hurdle, but the larger financing package needed for construction remains unfinished.

Canadian Phosphate has completed 18 Wapiti drill holes and visually traced its phosphate Main Zone across approximately 9km, although laboratory assays are still pending. The company has also completed its Utah acquisition, reported stronger rock phosphate orders and ended September with $3.144 million in cash.