LITHIUM
ASX-listed Atlas Iron has signed an agreement with Sinosteel Australia for the export of lithium direct shipping ore (DSO) sourced from the Pilgangoora lithium project, which is owned by ASX-listed Pilbara Minerals. Atlas will sell up to 1.5-million tonnes of lithium DSO to Sinosteel over a 15-month period on a fixed priced basis. However, as part of the arrangement, Sinosteel will advance funds to cover prepayments owed to Pilbara Minerals for DSO mine development costs.
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