I did some sleuthing on this same question.
Here's an excerpt from a commercial law firm:
Does entry into an MOU require announcement?
"A non-binding MOU that reflects an incomplete proposal or negotiation which remains confidential; or is not materially price sensitive, is not required to be announced under the company’s ASX Listing Rules continuous disclosure obligations. Listed companies may choose to announce entry into an MOU even though there is no legal obligation to do so. In practice, the announcement of an MOU may serve as a marketing tool for the company to show shareholders and the market that there is third party interest in its business and projects."
Link to article
News: VUL Stellantis in lithium supply deals with California, German firms -sources, page-22
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