TLG - Media, page-5835

It will prove this as well, but I think its more a pathfinder for the factory. The fact that they can demonstrate the quality already, and have a clear path to scale it doesnt mean they have every step of the way figured out. Just that they know that there is a solution. They have to gravitate towards that solution. I dont think customers will require the EVA results to sign binding agreements. The pressure in the industry is so large, I expect contracts will be signed much sooner than this. Think about it, that would mean binding agreements not before end of 2023. Then they need to tool up their own cell factory to receive Talnode-C. Far too slow to do this sequentially. Its gonna happen in parallel instead.

Here is what I expect to happen:
Talga already proved beyond any reasonable doubt the quality of Talnode-C. Customers will review the expansion plans from the current lab scale to EVA and ultimately the mine. Then they will agree on a binding offtake which includes the products of the EVA plant. Talga will receive money for that. Maybe not enough to cover the costs or make a profit, but they will have some revenue. The customer will scale their own cell production together with the EVA plant output. For that, they need a binding agreement before the EVA plant comes online.