Bfs probably needs to be tweaked for prod'n levels required to meet Traxys requirements. This is a smaller capex than original prodn levels proposed. Traxys wants equity in the battery business. Their share of 1b shares is a drop in the bucket to unlock graphite markets across Europe and across multiple industries, not just EVs. Adios China. Muppets take a hike.
Ann: Binding Graphite Offtake Agreement Signed with Traxys, page-107
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