Liontown Resources has executed an offtake agreement with Canmax Technologies Co. Ltd., one of the world’s leading producers of lithium chemicals and consumers of raw lithium material.
Under the agreement, Liontown will provide Canmax with 150,000 wet metric tonnes (wmt) per year of spodumene concentrate over two years in 2027 and 2028. Pricing will be determined using a formula referencing spodumene concentrate indices.
The agreement complements Liontown’s existing arrangements with its Tier-1 customers and is part of the company’s approach to diversifying its customer base by geography and location on the battery value chain.
China-based Canmax is a leading manufacturer of lithium-ion battery materials, including lithium hydroxide, lithium carbonate and other products and a key customer of several Australian and international raw material producers.
Liontown CEO Tony Ottaviano said the company is pleased with the offtake agreement.
“Canmax’s participation in our 2025 institutional placement signalled strong confidence in the long-term potential of Kathleen Valley, and this offtake agreement reinforces their commitment.
“Securing sales linked to spodumene concentrate indices, coupled with continuing our strategy of platform-based spot sales, ensures we realise fair value for the products we produce.”
Liontown held its first online digital spot sale auction for its spodumene concentrate in November. The auction attracted more than 50 qualified buyers from nine countries.
