Will DC signing a formal offtake agreement be the huge catalyst for the SP turn around everyone is hoping?
Westwater Resources in Vancouver the previous week signed its first off take with SK On Co who supplies Ford/Hyundai/VW with batteries.
The agreement will supply level will increase over the term with forcast volume of 10,000 metric tons of product.
If you look at the market reaction the SP is trading below the price it hit when it released the news.
It feels like the EV market just needs to go through this pain a little longer so perhaps DC not rushing to put out news of a binding agreement and taking his time to negotiate the best outcome makes sense.
10x
Will DC signing a formal offtake agreement be the huge catalyst...
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