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Core Lithium Ltd ( (AU:CXO) ) just unveiled an update.
Core Lithium Ltd has terminated its legacy offtake agreement with Yahua International Investment and Development Co., settling the deal with a US$2 million cash payment. This strategic move provides Core Lithium with greater flexibility and options for securing funding to potentially restart its Finniss Lithium Operation, pending Board approval. The termination is expected to enhance the company’s strategic positioning and operational flexibility in the lithium market.
More about Core Lithium Ltd
Core Lithium Ltd (ASX: CXO) is an Australian hard-rock lithium company that owns the Finniss Lithium Operation on the Cox Peninsula, located 88km southwest of the Darwin Port in Northern Territory. The company focuses on generating sustained shareholder value through critical minerals exploration and mining projects, emphasizing strong environmental, safety, and social standards.
YTD Price Performance: -21.35%
Average Trading Volume: 6,881,948
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$150M
See more data about CXO stock on TipRanks’ Stock Analysis page.