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Prairie Lithium Limited (ASX:PL9)

ALERT: Price-sensitive ASX Announcement for PL9
Current share price for PL9 : $0.006 -0.002 (-25%)+
Announcement
Release
22 Oct 2025 9:25AM
Price at Release
$0.008
Full Release
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Summary
Prairie Lithium Limited has announced a significant step forward by signing a non-binding offtake agreement with Stardust Power to supply 6,000 Metric Tons of Lithium Carbonate Equivalent annually. This agreement underscores the economic viability and production potential of the Prairie Lithium Project in Saskatchewan, Canada. The product will be transported as concentrated Lithium Chloride to Stardust Power’s refinery in Oklahoma, USA, starting potentially in 2027. This strategic partnership is a critical development in building a robust North American lithium supply chain that aligns with the geopolitical dynamics and aims to reduce overseas processing dependency. This collaboration supports North America's energy independence, enabling lithium produced in the region to remain within the continent, thus contributing to a resilient and transparent supply chain.
Key Points
  • Non-binding offtake agreement signed with Stardust Power.
  • Supply of 6,000 Metric Tons of Lithium Carbonate Equivalent per year.
  • Product to be transported as Lithium Chloride to Oklahoma, USA.
  • Agreement highlights the Prairie Lithium Project's economic viability.
  • Shipments could commence as early as 2027.
  • Strengthens North American lithium supply chain.
  • Reduces dependence on overseas processing.
  • Aligns with geopolitical shifts in critical minerals landscape.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.