I saw that release and an earlier one related to what was at the time a tentative OTA. Like the SYA/NAL agreement, PLL gets 50% of production for the life of mine (NAL has an out if they get refining operational).
The Ewoyaa OTA DOES say “market price,” but I haven’t been able to find details on which “market price,” or what formula involving multiple market prices set the actual price we’ll actually get paid.
As a holder of both, I know A11 has a much better OTA than NAL does!
Ann: Mining Lease Granted for Ewoyaa Lithium Project, page-39
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Mkt cap ! $110.9M | |||
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