SRL 2.38% 41.0¢ sunrise energy metals limited

Movement at the station:(Bloomberg) -- Alliance Nickel says that...

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    Movement at the station:

    (Bloomberg) --
    Alliance Nickel says that it has signed a non-binding term sheet with Samsung SDI for the future offtake of battery grade nickel and cobalt sulphate products from the NiWest Nickel-Cobalt Project in Western Australia.

    • Term sheet outlines the general terms pursuant to which Samsung SDI will enter into a binding offtake agreement for an initial period of six years
      • Subject to final negotiations of the definitive terms and conditions and satisfaction of customary conditions
    • Companies will discuss a potential acquisition by Samsung SDI of an equity interest in the NiWest project
    • Start of commercial delivery will be subject to agreed conditions
    • A Definitive Feasibility Study for NiWest is well advanced and targeting completion mid-2024
 
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