Commodity trader Tork announced that it has signed a binding 10-year offtake agreement with US lithium technology startup Energy Exploration Technologies involving 100,000 tons of battery-grade lithium products from US and Chilean projects. Under the agreement, Torc will purchase lithium carbonate produced at EnergyX's Black Giant project in Antofagasta, Chile, and lithium hydroxide produced at the Lonestar project in Texas, USA. Tork will purchase 66% of the production of the first phase of the Black Giant project and 30% of the production of the first phase of the Lonestar project. EnergyX plans to achieve commercial-scale production at the Black Giant project in 2028 and commercial-scale production at the Lonestar project in 2029.

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