Changes to Offtake agreement just released by Alliance. Note the highlighted portion.
AMAL may no longer deliver lithium concentrate of a grade lower than 5.5% to Burwill in the event of a delay of the first shipment. In such event, the agreed price adjustments in the Offtake Agreement shall apply instead (as disclosed in page 2 of AMAL’s announcement dated 4 May 2017); and
Paragraph 2.7 of the 2 October 2017 announcement has been deleted. Instead, AMAL shall sell all of its share of production of lithium concentrate of a grade of at least 5.5% to Burwill until 31 December 2022 in accordance with the provisions of the Amended Offtake Agreement. Thereafter, the parties shall negotiate the terms of sale of lithium concentrate to Burwill.
