On May 13, Yahua Group announced that its wholly-owned subsidiary Yahua International signed a "Deed of Settlement, Termination and Release" with Lithium Developments, a wholly-owned subsidiary of Core Lithium Ltd, to terminate the original lithium concentrate "Offtake Agreement" and its supplementary agreement.
The Core Lithium's Finniss lithium mine project has suspended operations and is unable to supply lithium concentrate. Yahua Group has established a diversified supply chain combining self-controlled and outsourced ores, building a stable lithium resource security system. The termination of the agreement will not affect the company's normal production and operations, nor will it harm the interests of the company or its shareholders.
Edited by Cassie Li, lixiangying@mysteel.com
