Green Technology Metals has secured a five-year lithium offtake deal with LG Energy Solution in Ontario, Canada.

According to the arrangement, the exploration company will sell 25% of its spodumene concentrate production from the Seymour Lithium Project to LGES.

If GT1 establishes a lithium hydroxide conversion facility during the contract period, it can provide equivalent lithium content as lithium hydroxide.

Pricing for spodumene concentrate will align with the market price of lithium hydroxide.