The majority of production will feed the Japanese battery industry and will be sourced from the lithium carbonate produced from Orocobre’s Olaroz mine in Argentina.
The company recently drilled 1,340 metres across five holes at the Spark pegmatite zone, part of its PAK lithium project in Ontario. All five holes intersected significant spodumene pegmatite.
The company has entered its second binding offtake agreement in two weeks, contracting to sell 10,000 tonnes of large and jumbo flake graphite concentrate to a private company in China.