Core Lithium’s (ASX:CXO) shares increased up to 7.32% to a peak of A$0.4275, the highest since mid-August.

The company unveils the first off-take and fines shipments.

In addition, the third spodumene concentrate shipment, amounting to 10,000 tons, as well as entering its first long-term off-take contracts, are ready for export.

Core Lithium is preparing to convey the remainder of the fine shipment to the port in the next few days.

The company recently finished negotiations to sell the first batch of fines from its Finniss operations.

Despite the positive news, Core Lithium’s stock has seen a 60% decrease this year, according to its closing price.

Core Lithium is a company that specializes in mining and producing lithium.