E25 have been very clear they absolutely positively believe they...

E25 have been very clear they absolutely positively believe they will strike a formal offtake agreement with OHM..who also happens to be a major shareholder in E25 as they particiapted in placement back at the 40c mark

Justin has mentioned in interviews that he is only in talks with OHM and the ann on 17/12 is titled "Offtake exclusivity period externded"....exclusivity measn they are only dealing with OHM for hte original main offtake

the deal with the other Singaporean group was for the stage 2 product which came to light as part of the PFS expansion

as you see from the 17/12 announcement below - this extension expires 10 Jan so I would think the odds are very likely it will happen by then and less likely of another extension

also of note is Mn price has improved since the start of initial talks....

Element 25 and OM Holdings Agree to Extend the Offtake Exclusivity PeriodElement 25 Limited (E25 or Company) (ASX:E25) is pleased to confirm that as announced on 12October 2020, key commercial terms have and continue to be agreed under a non-bindingterm sheet (Term Sheet) to sell 100% of the manganese ore produced (up to 365,000tonnes per annum) from the first stage of the Butcherbird Project development(Project) to OM Materials (S) Pte Ltd (OMS), a wholly owned subsidiary of ASXlisted company OM Holdings Limited (ASX:OMH) (OMH) under a take-or-payofftake arrangement.In order to allow sufficient time for the definitive documents to be finalised, theparties have agreed to an extension of the original exclusivity period (Exclusivity).The Exclusivity will be extended by 30 days and will now expire on 10 January 2021.