Term Sheet signed with POSCO comprising:
▪ US$10M prepayment commitment, repayable via delivery of product; and
▪ Offtake agreement for 100% of planned fines production (-#100) from Mahenge
module one
• Potential remains for an additional US$10M prepayment from Export Credit Agencies
• Strong end user confidence shown for Black Rock’s high purity graphite product
supports debt financing activities in train
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- Ann: BKT Signs POSCO Offtake & Prepayment Agreement
Ann: BKT Signs POSCO Offtake & Prepayment Agreement, page-4
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