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An announcement from Arizona Lithium Limited ( (AU:PL9) ) is now available.
Prairie Lithium Limited has signed an offtake agreement with Hydro Lithium to supply 100% of its lithium-bearing crystallite produced at its Phase 1 commercial-scale plant for 10 years. This agreement allows Prairie Lithium to enter the market with an intermediate product, reducing capital costs and operational complexity, and supports its strategy of organic growth by leveraging production and revenue.
More about Arizona Lithium Limited
Prairie Lithium Limited (ASX: PL9, OTC: PLIXF) is focused on the sustainable development of the Prairie Lithium Project in Saskatchewan, Canada. The company specializes in producing lithium-bearing crystallite, which is used in the battery industry, and aims to establish itself in the lithium market by selling intermediate products to reduce capital expenditure and operational complexity.
Technical Sentiment Signal: Sell
Current Market Cap: A$44.64M
See more data about PL9 stock on TipRanks’ Stock Analysis page.