VUL 3.74% $4.71 vulcan energy resources limited

Ann: Binding Lithium Offtake Agreement Signed with Umicore, page-9

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    "Umicore is to purchase 28,000 to 42,000 tonnes of battery grade lithium hydroxide over the duration of the agreement, representing approximately 20% of Vulcan’s current planned output over the period."

    According to https://www.lme.com/Metals/EV/Lithium-prices the price of Lithium hydroxide on 15 October 2021 was US$22.50. So at the current prices, this Umicore deal represents AU$848.4m to AU$1.27b over the initial 5 year period.
 
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