Core Lithium (ASX:CXO) agreed to pay $2 million in cash to terminate its legacy offtake agreement with Yahua International Investment and Development relating to the sale of spodumene concentrate from the Finniss lithium operation near the Darwin Port in Northern Territory, according to a Monday filing with the Australian bourse.
The company funded the transaction via cash reserves.
The restart study on the project is on track for completion in the June quarter, per the filing.
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