General Discussion Topics, page-89320

Offtake
North American Lithium (NAL)
Secured spodumene offtake agreements
NAL JV will sell Piedmont greater of 50% of facility production volume
or 113,000t spodumene concentrate.
Commences 1 July 2023 and runs until earlier of Life-of-Facility or
production of downstream conversion in Québec.
Each shipment will contain allocation for Piedmont and other customers
during ramp-up.
Concentrate allocation applied pro-rata each shipment across the year
post ramp-up.
Additional offtake agreements pending.
Sayona has direct exposure to prevailing robust spodumene pricing.
Producing at target nameplate capacity maximises revenue to Sayona.

My understanding is this last quarter of 2023 is 50/50 split as it says commences after EOFY. Under that provision we should be hitting 220k tpa was the target anyway so they are getting half. As someone else had mentioned when bringing this up, its to make it more fair for SYA. Otherwise this last quarter is all to PLL @ $900 and thats not fair to the JV.