Ann: Premium Strategic Placement and Offtake MOU, page-35

I'd prefer if VR8 didn't supply the Chinese market, but if this was capped at 10%-40% of output, perhaps it brings some benefit in diversifying offtakers geographically. But I have a real issue with the Chinese VC fund acquiring 10% ownership and becoming the largest shareholder in VR8, apparently on the basis that they can maintain that % by buying more shares in future CRs etc. Having them as both significant owners and customers brings a conflict of interests. Nothing stopping them buying more stock either and further increasing ownership %. I just don't like it. Look at what has happened to AVZ minerals in the DRC, another world class size deposit (Lithium). Has just been a sh*t show for AVZ holders. A long article appeared in the AFR a month ago on Chinese mining interests in Africa. Red flags everywhere. I still think this choice has been a strategic mistake by VR8 management.

https://www.copyright link/companies/energy/how-china-is-winning-the-race-for-africa-s-lithium-20230404-p5cxyk

All IMHO, DYOR