Great news!
Increasing a supply agreement with a prepayment of US$15 million that can be partially used to fund the A$15 million for site works at Plant 1.
The prepayment doesn't need to be repaid for 3 years which is a good indicator of eagerness for additional product and works out to be US$167 per tonne over that period. (US$15 million / 90,000tonnes)
Looks like POPL has a converter that is ramping up production for 11kt of lithium chemicals this year and a further 15kt in the following years linked to PLS partner CATL.
I wonder what else might come from the partnership with CATL.
Ann: Yibin Tianyi Offtake and Prepayment, page-3
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