PLS Group has finalized a lithium offtake agreement with Canmax Technologies, becoming the first Australian miner to secure a supply deal guaranteeing a minimum price for the battery metal. This agreement provides PLS with revenue stability in the volatile lithium market, where prices have fluctuated sharply in recent years. The deal underscores PLS's strategic shift toward securing long-term contracts in battery minerals, reducing exposure to price swings that have plagued the sector. PLS will now receive a guaranteed price per tonne of lithium carbonate, protecting margins against potential market downturns while strengthening its position as a key supplier to global battery manufacturers.