Maybe a Binding offtake?AR3 already have a non-binding MOU with...

Maybe a Binding offtake?

AR3 already have a non-binding MOU with Neo Performance Materials (NEO). On their website NEO state that, they are a profitable, dividend-paying company with a strong balance sheet and robust cash-flow generation. NEO is well positioned in markets that are forecast to see robust, long-term growth driven by multiple global macro trends, such as vehicle electrification, industrial automation, consumer electronics, energy-efficient lighting, air and water pollution control, superalloys, and many others. See website.

Also, what most investors in this space don’t realise is that, Dysprosium and Terbium are almost entirely sourced from ionic clays in China and Myanmar, i.e., not cost effective from hard rock sources.

Therefore, maybe, our potential ‘offtake’ partner(s) have independently confirmed that our MRE carbonate we sent to them last month is compatible and now they want to go binding or buy in with a place at the table.

After all, an alternative source of supply from a sovereign-trusted country will go a long way for global stability.

AIMO, DYOR, GLTA(patient)H