Toronto’s Desert Lion Signs Offtake Deal with Jiangxi Jinhui

Toronto-headquartered Desert Lion Energy Inc. has entered into an offtake agreement with Chinese lepidolite converter Jiangxi Jinhui Lithium Co. Ltd. to sell lithium concentrate from the company's stockpiled materials at its Rubicon and Helikon properties in Namibia exclusively to Jinhui. Based in Yinchuan, China, Jinhui is a chemical converter that produces lithium carbonate and lithium hydroxide for use in batteries. On execution of the agreement, Jinhui paid Desert Lion US$4.5 million against future delivery of lithium concentrate.

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