Ann: Cornerstone investor secured for Manono Project, page-70

The longggg game in action >>> secured sales.
Yes Wombat 74 , happy to be wrong on the conservative market cap of $1.5 billion .
With this announcement, you're figure of $2 billion plus is now achievable.
At 64c management will certainly deserve the performance shares.

Variation of the Yibin Tianyi offtake agreement and additional offtake arrangements The Implementation Agreement contemplates several variations to the Yibin Tianyi offtake agreement, including: •
The existing Offtake Agreement with Yibin Tianyi will be assigned to CATH and expanded in scope so that it provides for the offtake of SC6 for the life of the Manono Project.
• Volume will be the lower of 50% of SC6 production or up to 800ktpa, taking into account existing third-party offtake agreements. • Mutual commitment to agree additional volumes subject to availability.
• Term of the Offtake Agreement continues whilst CATH maintains its shareholding in the Project, reducing in the event of equity dilution. • Pricing is on USD/CIF China basis, determined by a formula which references various published market prices of lithium carbonate and lithium hydroxide products and underpinned by an agreed floor price.
• Termination rights included for breach of the material terms of the Offtake Agreement including non-payment or failure to supply or take annual quantity commitments.
• Furthermore, CATH will enter into a long-term Primary Lithium Sulphate (“PLS” offtake or tolling agreement which provides for 46,000 DMT per annum or 100% of the primary lithium sulphate produced from the first train of the PLS Plant.
• As a result of these offtake arrangements, in conjunction with other existing offtake arrangements, 100% of the Manono Project’s saleable lithium products produced under the April 2020 DFS will be contracted for at least the first five years from commencement of production.
ALL IMO