Piedmont Lithium, Tesla amend offtake deal

Piedmont Lithium and automaker Tesla have mutually agreed to amend a September 2020 offtake agreement for spodumene concentrate (SC6). Under the new agreement, which is binding for a three-year term and includes an option to renew, Piedmont will deliver approximately 125,000 metric tons of SC6 to Tesla beginning in the second half of 2023 through the end of 2025. According…

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Electra Battery Materials disposes of non-core assets

Toronto-based Electra Battery Materials, formerly First Cobalt, has signed a deal with Kuya Silver to get rid of its non-core assets in Canada, though the company will retain royalty interests in the properties in Canada’s Cobalt Camp. The decision is part of an agreement initially inked between the companies in 2021; that share purchase and option agreement has been amended…

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