Movement at the station:
(Bloomberg) -- Alliance Nickel says that it has signed a non-binding term sheet with Samsung SDI for the future offtake of battery grade nickel and cobalt sulphate products from the NiWest Nickel-Cobalt Project in Western Australia.
- Term sheet outlines the general terms pursuant to which Samsung SDI will enter into a binding offtake agreement for an initial period of six years
- Subject to final negotiations of the definitive terms and conditions and satisfaction of customary conditions
- Companies will discuss a potential acquisition by Samsung SDI of an equity interest in the NiWest project
- Start of commercial delivery will be subject to agreed conditions
- A Definitive Feasibility Study for NiWest is well advanced and targeting completion mid-2024
Sunrise 2024, page-69
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