General Discussion, page-898

I think you are on the money, bob.

RK Equity has posted a recent presentation by an analyst from Cowen, David Deckelbaum, at the Fastmarkets conference.

From about the 13:30 minute mark the analyst talks about offtake agreements being old hat and the need and impetus for OEMs to tie up with lithium miners, including by way of capital injections.

I am having issues with posting youtube links to hc so maybe copy this broken url to a new tag and take out the space between "you" and "tube".

https://www.you tube.com/watch?v=PUPIMP42Flk

From memory ESS has indicated that it expects to be in production from about 2025. Currently there is a massive backwardation in lithium prices (where the lithium price in later years is much less than the lithium price now) so any offtake agreement would be built on the premise of much lower lithium prices. Essential does not need to raise heaps of cash anytime soon so I see no advantage in them committing to an offtake agreement at this point of their development.