Ann: Liontown signs Offtake Term Sheet with LG Energy Solution, page-85

It's definitely misplaced. The term sheet is binding.

Remember that the lithium we have is sought by competing/conflicting companies (LG/SKI) and countries (china/taiwan/US/Korea) . These sort of deals are of national interest for both South Korea and Australia with lots of closed door discussions and caveats. I wouldn't be surprised if multiple parties are interested simultaneously - not unprecedented given QPM's deal offtake agreement simultaneously with LG and POSCO, with even samsung joining in later. The deal we have is only for 20-30% of anticipated output after all.

I don't anticipate a deal like this to fall through. I am anticipating we will have a full offtake agreement with LG before 28th Feb even if this date is not legally binding and just on good faith. For a fully funded company like LTR, offtakes are a cream on top.