Ann: Galan Signs Pivotal Commercial Agreement with Catamarca Govt, page-181

I think it will be hard for GC to match Offtake agreement if the potential off-taker will buy the LiCl for 90% LCE prices, I think GC knew they can't match any offers for Phase 2 offtake agreements and make much money. Pre-Payment would not be an issue to Glencore.

but I think if Daniel can get 90%-100% LCE prices for GLN LiCl plus prepayment, prolly the Board should let Glencore have a chance to buy Galan's Chloride at 80%-90% LCE Prices so Glencore can sell for 90%-100% LCE prices for 5 years with a pre-payment (Not Finance) of USD 400mil for FULL CAPEX of Phase 1 and 2 with immediate USD 50mil payment in two weeks and the rest within 3 months upon completion of formalities.

Same amount which they gave to ERAMET last year USD 400mil for 50,000 tonnes of LCE over 5 years. With Galan they would get almost 100,000 tonnes over 5 years.

Good to keep Glencore here if they genuinely want to do business.


GLTAH, DYOR, AIMHO.