Galaxy Resources and General Mining say they have signed a second definitive offtake agreement with Chinese lithium buyers over its Mt Cattlin project, taking another $US4.5 million in up-front payments. Galaxy, which is still in the process of merging with Mt Cattlin half-owner General Mining, announced in March it was in talks with two potential off-take partners to sell 60,000 tonnes of lithium concentrate for delivery this year, at a sale price of $US600/t.
Source: Galaxy, General sign second offtake deal – The West Australian