"The Term Sheet with Tesla is for the supply and delivery of up to 110,000 dry metric
tonnes of spodumene concentrate over a term of 4 years. This adds to the previously
announced binding offtake agreements with existing customers over 4 years.
“Subject to execution of a definitive agreement, Core’s supply to Tesla is scheduled
to commence in 2H 2023 and will cease on the date that is 4 years after
commencement of supply or until a total of up to 110,000 dry metric tonnes has
been delivered.
“Core Lithium is thrilled to have reached this agreement with Tesla and look
forward to further growing this relationship in the years to come. Tesla is a world
leader in electric vehicles and its investment in offtake and interest in our expansion
plans for downstream processing are very encouraging.”
https://wcsecure.weblink.com.au/pdf/CXO/02494500.pdf
Australia's next lithium producer, Core Lithium Ltd (Core or Company) (ASX: CXO),
advises that is has mutually agreed with Tesla, Inc. ("Tesla") to extend the termination
date for its binding offtake term sheet (“Offtake Term Sheet”) with Tesla to 26
October 2022.
The extension allows Core and Tesla to complete negotiations for the definitive full
form binding offtake agreement.
The Offtake Term Sheet with electric vehicle manufacturer Tesla is for the supply of
up to 110,000 dry metric tonnes of lithium spodumene concentrate produced at
Core's Finnis Lithium Project expected to commence in 2023 (refer to ASX
Announcement 2 March 2022).
https://wcsecure.weblink.com.au/pdf/CXO/02559840.pdf
Australian lithium miner, Core Lithium (Core or Company) (ASX: CXO), provides the
following update on a definitive product purchase agreement with Tesla under the
binding term sheet (announced 29 August 2022). The date for concluding the term
sheet passed on 26 October 2022 without the agreement being completed.
With the recent official opening of the Finniss Lithium Mine and the underwritten
share placement to fund accelerated resource definition, Core is well positioned to
take advantage of strong global demand and constrained lithium supply.
The sale of 15,000 tonnes of direct shipping ore (DSO) shows strong international
demand for Finniss lithium. The DSO sale was tendered on a CIF basis to several
pre-screened participants active in the lithium-ion battery supply chain. Demand
for spodumene DSO material was strong, evidenced by the price achieved.
The DSO is expected to be shipped before the end of the year, in advance of
spodumene concentrate production in H1 2023. Agreements in place with
Ganfeng, and Yahua bring total concentrate sales under offtake contracts to about
80% of the Finniss Lithium Project production over the first four years of
operations.
Global lithium demand is forecast to stay strong for the foreseeable future and
Core continues to receive strong inbound interest in lithium spodumene
concentrate from the Finniss Lithium Project.
https://wcsecure.weblink.com.au/pdf/CXO/02588924.pdf
At worst, they could sue us for non-delivery of products (dry metric tonnes), but they would need to pay us for the goods.
The contract started 2h of 2023, which is now (assuming there was a contract)!!!
Where is the $$$$$ from Tesla? If they didn't pay $$$ for the goods, how can they expect delivery?
- Forums
- ASX - By Stock
- CXO
- Ann: Equity Raise Presentation
Ann: Equity Raise Presentation, page-20
-
-
- There are more pages in this discussion • 28 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CXO (ASX) to my watchlist
(20min delay)
|
|||||
Last
11.5¢ |
Change
-0.005(4.17%) |
Mkt cap ! $246.4M |
Open | High | Low | Value | Volume |
11.5¢ | 12.0¢ | 11.3¢ | $1.220M | 10.57M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
110 | 6252092 | 11.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
11.5¢ | 695532 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
94 | 5150657 | 0.110 |
59 | 4896261 | 0.105 |
119 | 9106628 | 0.100 |
9 | 429348 | 0.099 |
14 | 681902 | 0.098 |
Price($) | Vol. | No. |
---|---|---|
0.115 | 695532 | 1 |
0.120 | 1696737 | 20 |
0.125 | 1855435 | 21 |
0.130 | 3049128 | 50 |
0.135 | 1863275 | 32 |
Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
Featured News
CXO (ASX) Chart |