• All future Finniss spodumene production is now unencumbered and available for project partners or spot sales
• Final offtake agreement with Ganfeng terminated by Core through a one-off US$2 million payment
• Settlement of the final offtake agreement enhances marketing flexibility and increases options in Core's ongoing strategic funding process

Core Lithium Ltd (ASX:CXO) has announced that it has successfully terminated its offtake agreement with Ganfeng Lithium Co. in relation to the sale of spodumene concentrate from the Finniss Lithium Project, located 88km southwest of Darwin Port. The termination of this final offtake agreement, along with the earlier termination of the Yahua Offtake Agreement, means that all spodumene offtake obligations have been removed, leaving 100% of future Finniss production unencumbered. This provides Core with complete marketing flexibility, with all future spodumene concentrate production now available for project partners or spot sales. It also delivers increased optionality within the current strategic funding process for Finniss, enhancing the company's ability to partner with additional new counterparties. The termination of the Ganfeng offtake agreement was effected through a one-off US$2 million payment. Together with the recently announced Restart Study and A$50 million placement and follow-on share purchase plan, the removal of all offtake commitments optimally positions Finniss as a strategic, long-life, low-cost and high-quality lithium restart opportunity.