The offtake agreement is binding:”Binding offtake secured from...

The offtake agreement is binding:

”Binding offtake secured from Glencore, one of the world’s largest globaldiversified natural resource companies, for lithium chloride and/or lithiumcarbonate from Phase 1 production (see DFS ASX release 3 July 2023) at HMW.”

The funding of phase one, is an offer, however due diligence is required first, if the DD passes to Glencore’s satisfaction, then that too will become a binding offer:

”Glencore offers to provide or facilitate a Financing Prepayment Facility forUS$70 to US$100 million, subject to conditions precedent.”

”conditionsprecedent being met including, amongst others, satisfactory due diligence to Glencore’s absolutediscretion and draw down under the Facility will only become effective when the MOA and alltransaction definitive documentation has been signed subject to Glencore’s satisfaction in itsabsolute discretion.”

So we have a binding offtake agreement, and imo the funding will follow, subject that there is no unsatisfactory issues which arose in their DD.