Core Lithium has secured a second agreement with Glencore to sell lithium fines from stockpiled material at Finniss, generating additional cash as the company advances plans to restart the Northern Territory operation.
“This second sale of lithium fines further strengthens Core’s liquidity position as we ramp up operations at Finniss,” Core Lithium managing director Paul Brown said.
“During 2026 we have generated approximately $28.5 million from the sales of lithium stockpiles at Finniss.”
Core has entered into a binding agreement with Glencore for the sale of 25,000 tonnes (t) of lithium fines from the existing Finniss stockpile, following an earlier 20,000t sale announced in April.
The latest shipment is expected to leave Darwin Port this month and is priced at approximately USD$270 per tonne on a cost, insurance and freight (CIF) basis, subject to customary adjustments.
The agreement allows Core to generate additional cash from existing stockpiles while mining and development work continues across Finniss.
Mining is underway at the Grants open pit, located within the Finniss lithium operation about 90km south of Darwin, while development work continues at the nearby BP33 underground project as Core advances plans to bring the operation back into production. Box cut remediation works are underway at BP33 and preparations for portal development are nearing completion ahead of underground decline development, which is expected to start in July.
“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,” Brown said.
“We will continue to assess opportunities to realise further value from the remaining fines stockpile.”
The latest transaction follows a series of stockpile sales completed this year as Core works towards establishing Finniss as a long-life lithium operation.
