Investment and Offtake Agreements Executed with LG Energy Solution and POSCO
Highlights
• US$15m combined equity investment from LG Energy Solution and POSCO GEM 1ST FUND • Shares will be issued at a price of A$0.1364, a premium of 16.8% to the 1 month VWAP of QPM shares • Binding offtake agreements signed for the sale of 10,000t contained nickel and 1,000t contained cobalt with LG Energy Solution and POSCO • The commercial transaction is the culmination of extensive negotiation and due diligence undertaken on QPM and the TECH Project by LG Energy Solution and POSCO
QPM Price at posting:
14.5¢ Sentiment: Buy Disclosure: Held
