On December 14, 2025, Albemarle Corporation announced its acquisition from Winsome Resources of offtake rights to lithium, cesium and tantalum from Power Metals Corp.’s Case Lake development project in eastern Ontario.
Albemarle and Power Metals further agreed to amend and restate the terms of the offtake agreement upon completion of the purchase. Among other things, Albemarle agreed to provide a pre-payment funding commitment to Power Metals which is to be used to provide development funding.
Power Metals is seeking to obtain all necessary permits and advance development of the project towards production in the near-term, including targeting receipt of an environmental compliance approval for the project in 2026.
Osler, Hoskin & Harcourt LLP advised Albemarle Corporation with a team led by James Brown and included Samuel Cantin and Jameel Manji (Corporate).
Key Contact
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