Ann: MoU Signed with Shenghe for the Commercisation of Kvanefjeld, page-2

"The Memorandum of Understanding (MoU), which is non‐binding, establishes the strategic frame work to enter future binding agreements covering the following areas:
 Offtake of total output of alternative products provides flexibility
 32,000tpa contained rare earth in chemical concentrate, or;
 34,000tpa contained rare earth in mineral concentrate
 Rare earth pricing on commercial terms with “Arm’s length” methodology incorporating Asian Metal Chinese domestic prices
 The parties agree to conclude a binding agreement on product offtake within 3 months from the mutual acceptance of the Kvanefjeld optimised flowsheet. The Kvanefjeld optimisation program is expected to be completed in Q1, 2019
 Both parties to develop project finance strategy, inclusive of Shenghe taking an equity investment into the project as part of a joint venture
 Development of project‐specific REE separation capacity outside China to directly supply growing international demand centres
 Significant step toward the delivery of rare earth products to an international supply chain

Commenting on the agreement, Greenland Minerals’ Managing Director John Mair said;
This MoU represents an important milestone in the relationship between the Company and Shenghe."

Not the announcement we were looking for, but it's a start in the right direction!