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Green Technology Metals finalises Ontario’s first binding lithium offtake

Green Technology Metals finalises Ontario’s first binding lithium offtake

Green Technology Metals Ltd (ASX:GT1) CEO Luke Cox speaks with Proactive after announcing the company has signed an offtake agreement to supply LG Energy Solution with 25% of all spodumene concentrate produced from the Seymour Lithium Project for five years. The full-form offtake agreement follows an offtake term sheet and equity subscription agreement executed in May that saw LG Energy Solution invest $20 million and become Green Technology Metals’ second largest shareholder. LG Energy Solution is part of LG Group and is a global leader and innovator in EV battery manufacturing. This is the first lithium offtake agreement to be secured in Ontario, creating a strategic alignment within the province's critical minerals supply chain.

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