US$1.5 million Lithium ore supply deal

This transaction involves 6,000 metric tonnes of lithium ore, with an estimated value of approximately US$1.5 million, reflecting continued commercial activity in Nigeria’s emerging lithium sector.

The transaction sits within a growing wave of investments and offtake arrangements tied to critical minerals, particularly lithium, which has become a key input in battery technologies and the global energy transition. Nigeria has increasingly attracted attention for its lithium deposits, with multiple states identified as commercially viable locations for exploration and supply.

Deals of this nature typically involve navigating Nigeria’s regulatory framework under the Mineral and Mining Act, including licensing requirements for possession, purchase, and export of minerals, as well as contractual protections around quality, delivery, and payment terms.

Advisory Team:

Transadvisory Legal

Rilwan Idris

Khalid Abdulkareem

Emmanuel Arikpo