SYA 0.00% 3.2¢ sayona mining limited

If its an optional purchase. It isnt really an OTA.The whole...

  1. 3,049 Posts.
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    If its an optional purchase. It isnt really an OTA.
    The whole purpose of OTA is to ensure a buyer for the seller.

    The OTA also doesnt state that they are a potential buyer or have a term (may not necessarily purchase)


    Summary of Offtake Agreement Terms

    Supply Agreement

    BuyerPiedmont Lithium Carolinas, Inc., a wholly-owned subsidiary of Piedmont, or an affiliated company
    SellerSayona Quebec Inc.
    ProductSpodumene concentrate containing 6.0% Li2O grade (dry basis)
    Quantity113,000 dry metric tons (dmt”) per year or 50% of production, whichever is greater
    TermLife-of-mine of the North American Lithium and Authier Projects
    PriceMarket pricing (based on an average price for CIF China Price (US$) for 6.0% SC6 dry basis) with a minimum price of US$500/t and a maximum price of US$900/t on a DAP North Carolina basis
    ConditionsIf Sayona and Piedmont agree to jointly develop and operate a lithium chemical plant, including a restart of the lithium carbonate plant at North American Lithium or another lithium chemical plant at a different location, then the partners agree that the order of priority for production volume of spodumene concentrate from North American Lithium will be:
    1. Jointly-owned lithium chemical plant
    2. Piedmont volume under the offtake agreement
    3. Third parties

    If PLL had the option not to acquire that should be listed under the OTA conditions.

 
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Buyers (Bids)

No. Vol. Price($)
1 28571 3.5¢
 

Sellers (Offers)

Price($) Vol. No.
2.9¢ 37784 1
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