General Discussion Topics, page-33890

Looks like Lithium Market may react quite positively off the back of the late VUL off-take announcement with Volkswagen last night.

And I guess that's how you structure an off-take agreement right .....

Hopefully Sayona will someday have a similar one for its potential early Carbonate production.

• Volkswagen Group is to purchase a minimum of 34,000 tonnesand a maximum of 42,000 tonnes of battery grade lithiumhydroxide over the duration of the Agreement.

• The Agreement is for an initial five-year term and the start ofcommercial delivery is set for 2026. Pricing will be based onmarket prices on a take-or-pay basis.

• Volkswagen Group and Vulcan have also agreed to a first right ofrefusal to invest in additional capacity in the Zero CarbonLithium™ Project. Conditions precedent include successful start ofcommercial operation and full product qualification.