Ioneer signs binding lithium offtake agreement with prime planet energy & solutions
Sydney , july 31, 2022 /prnewswire/ -- highlights: lithium from ioneer's rhyolite ridge project in nevada will be supplied directly to prime planet energy & solutions, inc. ("ppes") in support of end-to-end u.s. electrified vehicle supply chain and delivering on ioneer's initiatives, lithium supplied by ioneer will be produced, refined and incorporated into lithium-ion batteries by ppes, which will promote electrification in the u.s. market the 5-year binding agreement is for a total of 4,000 tonnes per annum of lithium carbonate from ioneer's rhyolite ridge lithium-boron operation in nevada and represents approximately 19% of annual output in the first 5 years of production prime planet energy & solutions is a joint venture battery company between toyota motor corporation and panasonic corporation ioneer's executive chairman, james calaway, said: "ioneer is grateful to announce another key milestone for our company with a lithium carbonate offtake agreement with ppes. ppes is a world-class organisation and we look forward to being their trusted partner.
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