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Core Lithium sells stockpile for $38.5M
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Core Lithium sells stockpile for $38.5M

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  • Core Lithium has signed a binding agreement with Glencore to sell its remaining 25,000 tonnes of lithium fines stockpile.
  • The deal completes the company's stockpile monetisation, generating roughly $38.5 million in total revenue for 2026.
  • Proceeds from the sale will provide incremental cash flow to support the ongoing ramp-up of operations at the Finniss mine.

Core Lithium (ASX:CXO) entered into a binding agreement with Glencore International to sell approximately 25,000 tonnes of lithium fines, generating roughly A$38.5 million in total lithium sales revenue for 2026.

This agreement marks the third and final transaction for the Finniss operation fines stockpile, following two previous sales completed in April and June.

“Completing sales of our stockpiled material has been a deliberate strategy to generate additional cash and further enhance financial flexibility in ramping up operations at Finniss,” said Core Managing Director Paul Brown.

The material carries a base price of roughly US$285 per tonne CIF, with final proceeds subject to grade adjustments and transport costs.

Following the announcement, the Core Lithium share price was down at $0.35.

The transaction fully liquidates the existing stockpiles at the Northern Territory site, with shipment scheduled through the Darwin port in the December quarter.

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