Ann: Altech - German Battery Materials Plant Targets EU Feedstock, page-4

Spid,

These MOUs cover the supply-side volumes and buying prices for graphite and silicon.
Even more importantly we need an MOU with the battery company (and named) on the demand side for the selling prices of the coated product(s).
This MOU would also cover the supply of coated sample materials and the volumes required for testing by the battery company.
This information would inform the sizing and final design of the pilot plant.
How would these milestones be announced to the market?
IMO the battery company MOU is needed first. Without it, nothing else matters. There is no point in having a pilot plant with no customers to supply.
Such an announcement would be big.
Next the PFS annoucement. If the estimated NPV and EBITDA are anywhere near as good as we hope, then that would be very big.
Soon after, announce details about the pilot plant.
The selling price of the coated product is the hard part. The company may just run with some 'estimated' selling price range based on the increased battery energy density percentage.
That would probably be acceptable for a PFS.
A DFS and FIDS would require firmer prices. Very successful testing from the battery company would be required and probably with an increased percentage of silicon before this could occur IMO