SRL 2.47% 41.5¢ sunrise energy metals limited

Ann: September 2021 Quarterly Activities and Cash Flow, page-2

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    Offtake
    In 2017 the Company entered into a binding offtake contract with Beijing Easpring Material Technology Co Ltd (Easpring) under which the Company committed to sell tonnages representing approximately 20% of the nickel and cobalt sulphate production for the first five years of operation
    Sunrise Energy Metals Limited of the Sunrise Project. During the quarter the Company (with the mutual agreement of Easpring) terminated the offtake contract. As a result of this, the Company now has all the production of battery materials from the Sunrise Project available for sale to strategic partners who may want product offtake as a condition of investment in the Project.
 
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40.5¢ 41.5¢ 40.0¢ $590 1.453K

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