The MOU with Mitsui is for offtake of up to 15,000t pa in Stage 1 for 10 years with 2x5 year extendable options. It also has the right to participate in funding of stage 1.
interesting that the DFS fell right in the sweet spot for this MOU. Stage 1 moved from 20,000t pa to 15,000t pa over 20 year mine life. This reduction lowered the possible NPV and subsequent SP, but fits perfectly for Mitsui and they can participate in equity/funding at lower rate. I think we’ll see some news re Mitsui over the coming months…
https://www.globenewswire.com/news-release/2021/05/11/2226778/0/en/Minera-Salar-Blanco-Agrees-Strategic-Alliance-with-Mitsui-for-the-Development-of-Maricunga-and-Future-Developments-in-Chile.html
