Atlantic Lithium said the first phase of a competitive tender for the remaining 50% of the output from its Ewoyaa project In Ghana saw several offers and has prompted the group to move to a second stage.
Neil Herbert, executive chairman, added: "As one of very few near-term spodumene producers with available offtake yet to be committed, the ongoing partnering process that we are running with Macquarie has highlighted the significant interest in Ewoyaa's feedstock, despite the backdrop of weakened lithium prices.
"Prior to the commencement of the offtake partnering process, we received strong interest from a number of parties across the battery minerals space, including OEMS, battery gigafactories, traders and chemical processors.
“Non-binding indicative offers were received and reviewed during Stage 1, and we now move to Stage 2 with a number of preferred parties.”
Funds from the offtake deal will cover the company’s share of the development expenditure for the project.