Nah, it says "binding proposal" for a prepayment finance facility.
$70-100m
Glencore want the Chloride - without funding they don't get it. Why would the world's largest mining company dick about with that?
They stump up the $100m prepayment and they get the goods.
Ann: Galan Secures Glencore Agreement For Offtake & Financing, page-182
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