In PEN's profile at the "Mines and Money", it stated:
"3.9 million pounds contracted with US utilities"
and
"4 million pounds term sheet executed with an European Utility"
First I've heard about a European Utility.. is there something I have missed?
Had to google this....
A term sheet is a bullet-point document outlining the material terms and conditions of a business agreement. After a term sheet has been "executed", it guides legal counsel in the preparation of a proposed "final agreement". It then guides, but is not necessarily binding, as the signatories negotiate, usually with legal counsel, the final terms of their agreement.
In PEN's profile at the "Mines and Money", it stated: "3.9...
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