Liontown signs another Kathleen Valley offtake deal
Liontown has secured another major customer for its Kathleen Valley lithium project, signing a binding offtake agreement with China’s Canmax Technologies for the supply of 150 000 t/y of spodumene concentrate over 2027 and 2028.
Pricing, the company says, will be set using a formula linked to spodumene index prices, aligning the contract with prevailing market conditions.
Canmax is one of the world’s largest producers of lithium hydroxide, lithium carbonate and other battery materials, and is a significant buyer of Australian and international lithium raw materials.
Liontown says the agreement complements its existing Tier-1 customer arrangements and forms part of its strategy to diversify its offtake portfolio across geographies and across the battery value chain.
“We are pleased to execute an offtake agreement with Canmax, one of the world’s leading lithium chemicals companies. Their participation in our 2025 institutional placement signalled strong confidence in the long-term potential of Kathleen Valley, and this offtake agreement reinforces their commitment,” said MD and CEO Tony Ottaviano.
“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.”
Liontown controls two major lithium deposits in Western Australia and is targeting further growth through exploration, partnerships and acquisitions, while also evaluating downstream opportunities where resource ownership provides an advantage.