Ann: In Principle Project Finance Support from Dutch ECA, page-31

they have already signed an offtake agreement which will cover some of stage 1

Renascor Signs First Offtake MOU• Renascor enters into non-binding MOU to supply graphite from Renascor’sSiviour Project to Qingdao Chenyang Graphite• Qingdao Chenyang Graphite is one of the largest graphite companies in theQingdao area of China’s Shandong province and produces a range ofgraphite products for customers in China, Japan and South Korea• Offtake for up to 10,000 tonnes of graphite concentrates from Stage 1 ofSiviour and up to 30,000 tonnes from Stage 2

https://renascor.com.au/wp-content/uploads/2018/04/2018_04_26_ASX-Announcement-re-Renascor-Signs-First-Offtake-MOU.pdf