EGR - what do we need to tick off now?, page-25

Thanks @Names little for your feedback. Yes, I've read termination of MOUs with other asx stock I've held in the past.

If memory serves me correctly Sojitz are a large buyer of product's and on sells to other parties in Japan. Isn't thyssenkrupp a similar company?

Anyways here's what I found on the internet about the nonbinding agreement.

EcoGraf and Sojitz Corporation signed a non-binding Memorandum of Understanding (MOU) in 2016, which was followed by a binding 10-year, 30,000-tonnes-per-year offtake agreement, to access the Japan-Korea battery market.

Here's a more detailed breakdown:

MOU and Offtake Agreement:

EcoGraf and Sojitz Corporation initially signed a non-binding MOU, which led to a binding 10-year, 30,000 tonnes per year offtake agreement.

Purpose of the Agreement:

The agreement aimed to provide EcoGraf with access to the Japan-Korea battery market.

Sojitz's Role:

Sojitz Corporation, a major graphite supplier, is expected to consume a large portion of the graphite supplied by EcoGraf.

EcoGraf's Focus:

EcoGraf is developing a natural flake graphite business in Tanzania, with the goal of supplying high-performance battery anode material to electric vehicle, battery, and anode manufacturers.

EcoGraf's Technology:

EcoGraf utilizes its EcoGraf HFfree™ purification technology to produce high-performance battery anode material.

Sustainability:

EcoGraf's purification process also allows for the recycling of battery anode material, contributing to improved supply chain sustainability and reduced CO2 emissions.