• Binding offtake agreement executed with Canmax Technologies, a leading lithium chemicals producer
• 150,000 wet metric tonnes of spodumene concentrate to be delivered annually in 2027 and 2028
• Pricing to be determined using a formula referencing spodumene concentrate indices

Liontown Resources Ltd (ASX: LTR) has announced that it has executed a binding Offtake Agreement with Canmax Technologies Co., Ltd. ('Canmax'), a large industrial conglomerate and one of the world's leading producers of lithium chemicals and consumer of raw lithium material. Under the agreement, Liontown will supply 150,000 wet metric tonnes ('wmt') per year of spodumene concentrate to Canmax over two years in 2027 and 2028. The pricing under the Offtake Agreement will be determined using a formula referencing spodumene concentrate indices. This agreement complements Liontown's existing arrangements with its Tier-1 customers and forms part of the Company's approach to diversifying its customer base by geography and location on the battery value chain. Canmax is listed on the Shenzhen Stock Exchange and is one of the world's leading manufacturers of lithium-ion battery materials, including lithium hydroxide, lithium carbonate and other products, making it a key customer of several Australian and international raw material producers. Liontown's Managing Director and CEO, Tony Ottaviano, stated that the company is pleased to execute the Offtake Agreement with Canmax, as it reinforces their commitment to the long-term potential of Liontown's Kathleen Valley project.