Ann: Arafura and Hyundai Motor Company sign non-binding MoU, page-5

Very good in my books,,,,,,,
MoU to negotiate an offtake agreement for the sale of NdPr Oxide from the Nolans Project on a CIF basis over a 7-year term commencing in 2025 • This would include approximately 1,000 – 1,500 tonnes per annum of NdPr Oxide when the Nolans Project achieves full production capacity in 2027 • Arafura and Hyundai working towards executing a definitive binding offtake agreement by September 2022 • The parties will also work collaboratively to engage with relevant Export Credit Agencies to access debt funding and guarantees linked with critical materials procurement for use in Korean based manufacturing