Conditions precedent to completion Completion of the transaction is subject to satisfaction or waiver of the following conditions precedent before 30 November 2021
• CATH obtaining the requisite Chinese regulatory approvals for its investment in the Manono Project; • the Mining Licence for the Manono Project being granted to Dathcom Mining SA (“Dathcom”;
• the entry by Dathcom and the DRC Government into the Collaboration Development Agreement;
• Dathcom board and shareholders making a final investment decision and approving the transaction; and • entry into a variation deed in respect of the existing offtake agreement with Yibin Tianyi. Multi-faceted joint venture In addition to the development of the Manono Project, AVZI and CATH will also pursue the following undertakings through subsidiary joint venture entities, in respect of which each party will have indirect or direct joint venture interests proportionate to their interest in the Manono Project:
• the provision of power, water and logistics services to the Manono project;
• the development, construction and operation of the PLS Plant; and • the evaluation of the establishment of a lithium hydroxide conversion facility.
The formation of the multi-faceted joint venture will seek to leverage the deep skillsets of both partners to help deliver the joint venture projects.
So now CATH have signed off and approved US $240 million towards project.
What else has Felix assured?
At present AVZ have a major buyer in CATL / Battery cells .
A lithium hydroxide producer in Yibin Tianyi
No Experienced miner ???
That is right Felix was on the phone with China Molybdenum Co Ltd or CMOC.
;
