Altura Mining Limited (ASX:AJM) has obtained both a contract for 2020 and a multi-year Binding Offtake Agreement with Hunan Yongshan Lithium Co Ltd, owned by parent company Ningbo Shanshan Co., Ltd.
This offtake Agreement is for 5-year commencing in January 2021.
Binding Offtake Agreement comprises options to agree with an upsurge in supply to 120,000 dmt annually.
Post announcement on 19 June 2020, AJM quoted at A$0.067 surging by 19.643 % (at AEST 12:08 PM).
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