This deal with VAC and LCM, is in fact, an Offtake Agreement.
And also a Supply Agreement.
And its with a Tier 1 customer.
VAC supplies magnetic feedstock to IXR, IXR produces REE oxides, LCM converts oxides to metal alloys to VAC specs, then LCM sells metals to VAC.
So IXR has a revenue stream.
I have no idea what the quantities involved are?
The quantities may be small - it may be on a demonstration scale.
But the significance of this agreement is that it is a small version of what is to come.
The market is huge.
This deal with VAC and LCM, is in fact, an Offtake Agreement....
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Mkt cap ! $46.26M | |||
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