"Reflecting the planned ramp-up schedule of the Saskatoon Rare Earth Extraction Plant over the first 12 months of operation, Vital will deliver to REEtec an initial 187.5t NdPr (contained within approximately 500t TREO) by October 2023 with the remaining product to be delivered at regular intervals over the following five years.
The amended agreement extends Vital’s product sales to REEtec to 2028 and also provides the option to further expand operations during an additional 10-year long-term supply agreement to provide up to 2,500t NdPr per annum contained within ~6,800 tonnes TREO (containing a maximum 25% cerium)"
Does this part seem like the initial 2025 5000t's agreement to Reetec have been pushed back to 2028?
Ann: REEtec Increases Offtake of Vital's REO by 50%, page-9
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