Core Lithium Ltd. has secured a second major sale of lithium fines from its Finniss project to global commodities giant Glencore, generating vital cash flow as operations ramp up at the project.
The binding sale and purchase agreement will see Core deliver 25,000 tonnes of lithium direct shipping ore (DSO) fines from its existing stockpile. This follows a previous 20,000-tonne fines sale to Glencore in April, alongside a separate spodumene concentrate stockpile sale in February. Together, Core’s 2026 stockpile liquidations have injected approximately AU$28.5 million in total revenue into the company this year.
The latest shipment, scheduled to depart from Darwin Port this month, fetched a base price of roughly US$270 per tonne, reflecting current market conditions for lithium fines.
Core Lithium Managing Director Paul Brown said: “This second sale of lithium fines further strengthens Core’s liquidity position as we ramp up operations at Finniss.
“This additional liquidity provides Core with greater financial flexibility as we progress mining activities, advance development activities at BP33 and the restart of processing operations.”
The revenue lands as a bonus for the miner, with the broader Finniss restart already fully funded since March.
Operational momentum is building at the site, with mining currently underway at the Grants open pit. Development at the BP33 site is also tracking on schedule; box cut remediation is moving forward, and ground support is nearing completion ahead of the portal cut.
Core remains on track to commence underground decline development in July.
With key mining contracts finalised and procurement underway, Core is aiming to establish Finniss as a long-life lithium operation. The company is currently exploring commercial pathways to offload its remaining 30,000-tonne fines stockpile to further bolster its cash reserves.
