And here's the remainder.
The Q&A was very interesting and gave some very good snippets of information. Here's my summary:
• Enquiry about new roles
o Link available on the company website
o Currently hiring for many positions
• How will SYA cope with competition of talent?
o Candidates interested in working for a company which helps the environment
o NAL employees pumped and want to re-start the operations asap.
• Please provide an update on Moblan
o Planned drilling programme to increase the resource base
o Already enough lithium at Moblan to build a concentrator
o Potential synergies with other projects in Wabouchi, e.g. projects held by Critical Elements and Galaxy
• Given Piedmont’s offtake agreement is for 50% of SC6 production, can you confirm that there is enough resource to feed into phase 2, which is conversion to Carbonate or Hydroxide?
o Offtake agreement IS NO longer valid once SYA decides to move to phase 2! So this puts to bed a lot of speculation about the offtake agreement.
o Piedmont is a 25% shareholder in Sayona Quebec and hence would still benefit from phase 2 of the project.
• Are you looking at potential synergies with Nemaska Lithium?
o We are developing our separate projects for now but this could be a topic for discussion later on
• Have CATL and the financiers been paid for the acquisition of NAL?
o Yes.
For me, the biggest takeaway is that the terms and conditions of the offtake with Piedmont can now be put to bed! That means the potential profit margin for SYA will not be impeded by this offtake.
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