CXO 5.00% 10.5¢ core lithium ltd

Ann: Offtake Update, page-210

  1. 254 Posts.
    lightbulb Created with Sketch. 78
    The completion of the original Offtake Term sheet was to be done by the 26th refer below
    It doesn't mean that a new Offtake Term sheet and binding agreement cannot be formed.
    It was only 110,000 tonnes.

    Australia's next lithium producer, Core Lithium Ltd (Core or Company) (ASX: CXO),
    advises that is has mutually agreed with Tesla, Inc. ("Tesla") to extend the termination
    date for its binding offtake term sheet (“Offtake Term Sheet”) with Tesla to 26
    October 2022.
    The extension allows Core and Tesla to complete negotiations for the definitive full
    form binding offtake agreement.
    The Offtake Term Sheet with electric vehicle manufacturer Tesla is for the supply of
    up to 110,000 dry metric tonnes of lithium spodumene concentrate produced at
    Core's Finnis Lithium Project expected to commence in 2023 (refer to ASX
    Announcement 2 March 2022).


    Last edited by steadfast100: 27/10/22
 
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