"Under the Offtake Agreements, the Company has agreed to supply spodumene concentrate for the period to December 2025 predominately under a “cost plus”
contractual arrangement.The Company estimates that the consideration to be received under the Offtake Agreements would likely be US$173 million (A$248 million) which equates to an average price of US$610 per dmt for all spodumene product supplied under the
Offtake Agreements."
"The Proposed Offtake Agreements also provide Altura with liquidity, improving its ability to meet its debt obligations, including its debt covenantin relation to Product commitments. This will assist Altura preserve relationships with existing financiers and support the sustainability of Altura’s operations."
An average price per ton of $610 over the life of the Offtake will provide current finaciers with some transparency on future pricing.
Gltah cheers
AJM Price at posting:
7.0¢ Sentiment: Buy Disclosure: Held
