Rock Tech Signs Long-Term Spodumene Supply Agreement With Transamine
Rock Tech Lithium has signed a binding long-term offtake agreement with Geneva-based commodity trading firm Transamine for the supply of spodumene concentrate from its Georgia Lake project in Ontario, Canada. The deal spans an initial seven-year period and includes potential extensions up to five additional years. Deliveries are expected to begin in 2028 after a definitive feasibility study (DFS) is completed. The agreement outlines contracted volumes starting at 50,000 dry tonnes per year for the first year, increasing to 100,000 dt annually thereafter with a ±10% tolerance. A potential $80 million prepayment facility may also be made available to support project development and will be finalized post-DFS subject to financing and permitting conditions. Rock Tech CEO Mirco Wojnarowicz emphasized the strategic importance of this agreement in advancing Rock Tech's integrated mine-to-converter platform, supporting battery-grade lithium supply for Canada and its allies.
Topics: lithium mining spodumene supply agreement