Maiden offtake agreement signed for Mt Cattlin

ASX-listed joint venture partners General Mining and Galaxy Resources have signed a binding offtake agreement for their Mt Cattlin lithium project, in Western Australia. The tri-party offtake agreement involving a Chinese buyer and General Mining’s exclusive selling and settlement agent, Tokyo-based Mitsubishi, came with a $9-million prepayment, which strengthened Mt Cattlin’s working capital position.