Alliance Mineral to add market pricing, drop exclusivity in restructured deal

Singapore

LITHIUM miner Alliance Mineral Assets has restructured offtake agreements with Burwill Lithium to provide for market-linked pricing and the right to sell to other customers, according to an announcement to the Singapore Exchange on Tuesday.

As part of the deal, Burwill Lithium will transfer its rights and obligations as the buyer in the existing long-term offtake agreements to Jiangxi Bao Jiang Lithium Industrial, a 50-50 joint venture between Burwill Lithium and Jiangte Special Electric Motor. Jiangxi Bao Jiang operates one of three large lithium convertors at Jiangte's facility in Jiangxi.