General Discussion Topics, page-75382

So much confusions around the offtake agreement with PLL. Read it again, and throw my 2c. Everyday we learn something new.

Atrached is the Sealed agreement overview.

The only question is, will they jointly develop the downstream plant? Answer is there, it is YES. SYA and PLL both own NAL, the carbonate plant is 50% built, they are working together on the PFS, so how can SYA build the downstream plant at NAL without PLL, while they own part of it already? Part of the 50% built plant.

Agreement can change, and it did change from 60,000 ton to 113,000 ton. Why? because it added an end to the offtake, so we offer more, but for a short term. Once downstream is built, which will be, offtake will no longer apply. It will remain in place until that happens.

So we jointly develop the downstream plant, added end to the offtake, what about that $900 price tag? Read the conditions, it will stay in NAL, then PLL, then 3rd Party. Will we sell any spod before 2025? I do not know anymore. I hope so for the cash flow. If we keep everything at NAL, it is banking cash. Then how do we pay for the downstream and ops? Maybe another CR or two.

Again, agreement can change. I could be wrong too with all above. But now I believe regardless of how we dislike PLL, it will be part of our journey for everything linked to NAL, and downstream.