TLG - Media, page-5132

From Talgas previously announcemed MOU with FREYR

Agreement and Term
Under the MOU, Talga and FREYR will work towards the commercial supply of Talga's Talnode®
range of anode materials for FREYR’s planned operations, including customer qualification plant,
5-11 GWh production ramp up and subsequent 32 GWh Giga-factory. The parties intend discussing
binding long term supply agreements as well as other business models, including licensing of Talga
anode technologies or Joint Ventures.
The agreement also includes studies into potential operational synergies such as Talga co-locating
operations within FREYR’s production facilities for the scale-up of new anode materials and
technologies at industrial level for battery manufacturing.
The MOU is non-binding and for a term of 2 years, in which the intent is to execute formally binding
agreements as required. The agreement may be terminated by either party on 30 days' notice.