As there were several permitting approvals required before the final construction permit could be awarded,
this particular condition precedent was not satisfied until June 2010. The construction permit for the
Jiangsu Lithium Carbonate Plant was finally received from the ZJG authorities on 4 June 2010. This
allowed the loan facility documentation to move towards completion and the loan facility was finally
executed on 10 September 2010.
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As there were several permitting approvals required before the...
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