Western Australian battery minerals producer Liontown has announced it has executed a binding offtake agreement with Canmax Technologies.
Canmax, listed on the Shenzhen Stock Exchange, is a large industrial conglomerate and one of the world’s leading producers of lithium chemicals and a consumer of raw lithium material.
The two-year agreement commits Liontown to supply 150,000 wet metric tonnes (wmt) of spodumene concentrate per year throughout 2027 and 2028.
Commercial terms for the supply are broad, with pricing set by a formula referencing spodumene concentrate indices. The payment mechanism for the supply will be an irrevocable letter of credit.
This agreement complements Liontown’s existing Tier 1 customer arrangement, according to a company statement. It is a strategic step to geographically diversify its customer base across the battery value chain.
“We are pleased to execute an offtake agreement with Canmax, one of the world’s leading lithium chemicals companies,” Liontown managing director and chief executive officer Tony Ottaviano said.
“Securing sales linked to spodumene concentrate indices coupled with continuing our strategy of platform-based spot sales ensures we realise fair value for the products we produce,” Ottaviano said.
Ottaviano said Canmax’s participation in the 2025 institutional placement signalled strong confidence in the long-term potential of Kathleen Valley.
Liontown is committed to powering a sustainable future as a responsible battery minerals provider, per a recent report, and controls two major lithium deposits in Western Australia.
