markets · · newsfilecorp.com

Lithium Africa Receives Two Non-Binding Offers to Fund the Springbok Project, Including a US$60 Million Investment Proposal

Cape Town, South Africa--(Newsfile Corp. - October 20, 2026) - Lithium Africa Corp. (TSXV: LAF) (FSE: 6MQ) (OTCQB: LTAFF) ("Lithium Africa" or the "Company") is pleased to announce that it has received two non-binding offers to finance the development of the Springbok Project in the Northern Cape Province, South Africa ("Springbok" or the "Project"): (i) a prepayment facility with offtake from a major international commodity trading house for 100% of the Project's spodumene concentrate in its first three years of production, and (ii) a US$60 million investment from a lithium processing company backed by a Fortune Global 500 group for a 55% interest in the Company's holding in the Project. The Project is held outside the Company's 50/50 joint venture with GFL International Co., Ltd.

Lithium Africa Receives Two Non-Binding Offers to Fund the Springbok Project, Including a US$60 Million Investment Proposal

Cape Town, South Africa--(Newsfile Corp. - October 20, 2026) - Lithium Africa Corp. (TSXV: LAF) (FSE: 6MQ) (OTCQB: LTAFF) ("Lithium Africa" or the "Company") is pleased to announce that it has received two non-binding offers to finance the development of the Springbok Project in the Northern Cape Province, South Africa ("Springbok" or the "Project"): (i) a prepayment facility with offtake from a major international commodity trading house for 100% of the Project's spodumene concentrate in its first three years of production, and (ii) a US$60 million investment from a lithium processing company backed by a Fortune Global 500 group for a 55% interest in the Company's holding in the Project. The Project is held outside the Company's 50/50 joint venture with GFL International Co., Ltd.

  • #LTUM