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).
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