Although this is only an MOU, that is the second in a fortnight with discussions on 50ktpa which is approx. 1/2 of the planned Kachi production. 1/2...
The offtake interest has been across two markets with an Asian entity and a North American entity. Steve also makes mention that Ford may also partake in Lake's other projects... I can't wait to see some of the drilling announcements coming out of the other projects in the near future.
These are lining up nicely to de-risk the finance piece. If DLE delivers... there should be a further significant re-rate.
Ann: Lake and Ford sign non-binding MoU for lithium offtake, page-48
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