Bridge Green Upcycle and Hartree Partners Sign Eight-Year Lithium Carbonate Supply Agreement
Bridge Green Upcycle has signed an eight-year agreement with Hartree Partners to supply lithium carbonate derived from recycled batteries. The deal, valued between $500 million and $1 billion at current market prices, grants Hartree exclusive rights to approximately 10,000 tonnes per annum of lithium carbonate across all grades produced by Bridge Green's facilities. An option for a seven-year renewal is included in the agreement. Hartree has also made an equity investment as part of Bridge Green’s bridge financing round, supporting its expansion into battery recycling and critical mineral refining operations. The partnership aligns with broader efforts to strengthen domestic supply chains for strategic minerals like lithium in the US.
Topics: Battery Recycling Circular Economy Critical Minerals Lithium