← NewsAll
Lilac signs 10-year deal with Traxys to supply lithium from Utah project
Summary
Lilac Solutions signed a binding 10-year offtake agreement with Traxys North America for 50,000 tonnes of battery-grade lithium carbonate from a planned Great Salt Lake facility; Phase 1 is designed for 5,000 tonnes per year and Lilac aims to begin supplying by late 2027.
Content
Lilac Solutions has signed a binding 10-year offtake agreement with Traxys North America to supply lithium carbonate from a planned facility near the Great Salt Lake in Utah. The deal was announced as part of broader efforts to secure domestic sources of lithium for electric vehicle batteries. Lilac said engineering for the project is complete and permitting is underway. The company aims to begin supplying Traxys by late 2027.
Key details:
- Binding 10-year offtake agreement between Lilac Solutions and Traxys North America.
- Traxys will purchase 50,000 tonnes of battery-grade lithium carbonate over the contract term, representing 100% of the project's Phase 1 output.
- Phase 1 is designed to produce 5,000 tonnes per year, nearly doubling current U.S. lithium carbonate output.
- Lilac aims to start supplying Traxys by late 2027.
- Engineering for the Utah facility is complete and permitting is underway.
- A potential Phase 2 expansion would raise total capacity to 20,000 tonnes per annum.
Summary:
The agreement allocates Phase 1 production from Lilac's planned Utah facility to Traxys for ten years, covering 50,000 tonnes of lithium carbonate. Reported developments include ongoing permitting and the company's stated target to begin deliveries by late 2027.
