IXR is allowed to buy MREC from VMM, JVCo =
VMM sells its MREC to the Joint Venture/ or Offtake agreements, basically has two options, see the flow chart below
SST = Selective Separation Technology ......Ionic Technology
RRT = Recycling
This is only for in Brazil
While VMM is still in its early stages, the JVCo can start in Brazil and process Hard Rock REE Concentrate and other Brazilian Clay Deposits MREC, using Ionic Technology start producing REO
With VMM, VMM sells its MREC to JVCo at REE Market price or to another Facilty or offtakes
VMM will receive 50% of the Gross sales of REO and JVCo the other 50%, out of that 50% the profits will go to IXR + Magnet Recycling in Brazil using Ionic Technologies
Need to read this, very carefully
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