This was released only 5 weeks ago in the last company update…reposting for the bucketheads and the more astute who understand “past tense”
Strategic Partner Process The key objective of the strategic partner process was to assess, then select via mutual alignment to secure funding and long-term off-take arrangements for the 10,000tpa expansion operation from a tier-1 counterparty in the EV supply chain. The Company has undertaken a comprehensive and thorough process, including multiple phases (due to significant and increasing interest with varying propositions) during the course of the lithium market uplift over the past 2.5 years, and this process is now nearing finalisation. The Company was not constrained by a set deadline, preferring to achieve a favourable deal for stakeholders and a mutually beneficial partnership, aligned for the long-term sustainability and strategic benefit of the parties. As such, the Company is progressing to finalise the key agreements for such, via an off-take agreement for long-term battery quality lithium carbonate product supply and a finance agreement for the 10,000tpa operation funding.
AGY Price at posting:
27.5¢ Sentiment: Buy Disclosure: Held
