They seem to still be in discussions with Shenghe and finalizing the deal. He stated that Shenghe would take 100% of the offtake of REMC, HMC and MREC if they could. He stated that the Shenghe agreement was important as it demonstrated to commercial lenders that they could sell the products. He also reiterated again that Shenghe have no pre-emptive rights to the MREC, and that they were in advanced negotiations with OECD nation offtake partners for that product.
I did find it strange they never made any announcement when the MOU period expired.
As for the ESS which does seem to be slipping, he stated they have completed all of the documentation and it is imminent.
General Discussion, page-106
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