Canada Lithium signs offtake agreement with Marubeni

Canada Lithium (Toronto) says it has signed a three-year distribution agreement with Marubeni Corp., one of Japan’s largest commodities trading companies. Under the terms of the agreement, Marubeni will be the exclusive distributor of Canada Lithium’s battery-grade lithium carbonate in Japan for an initial three-year period beginning in 2013, with the option to extend the agreement for a subsequent three-year term commencing in 2016. Marubeni will purchase a minimum 2,000 m.t. of lithium carbonate in 2013. It holds an option to increase the offtake to...

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