TLG - Media, page-6647

Our MOU with Freyr has very little detail:

"Agreement and TermUnder the MOU, Talga and FREYR will work towards the commercial supply of Talga's Talnode®range of anode materials for FREYR’s planned operations, including customer qualification plant,5-11 GWh production ramp up and subsequent 32 GWh Giga-factory. The parties intend discussingbinding long term supply agreements as well as other business models, including licensing of Talgaanode technologies or Joint Ventures.The agreement also includes studies into potential operational synergies such as Talga co-locatingoperations within FREYR’s production facilities for the scale-up of new anode materials andtechnologies at industrial level for battery manufacturing.The MOU is non-binding and for a term of 2 years, in which the intent is to execute formally bindingagreements as required. The agreement may be terminated by either party on 30 days' notice."

VS Freyr JV with 24M:

“Today’s announcement marks a significant milestone for FREYR as we advance our expansion strategy through the U.S. joint venture with KSP,” said Torstein Sjøtveit, FREYR’s Executive Chairman. “Our entire team is looking forward to collaborating with our U.S.-based strategic partners at Koch and 24M to bring clean, next-generation battery cell production to the U.S. at commercial scale.”“We are pleased to announce the formation of the joint venture with FREYR and our investment in U.S.-based 24M,” said David Park, president of Koch Strategic Platforms. “This initiative could create jobs here in the U.S. and foster continued adoption of transformative energy technology.”“KSP conducted diligence on the FREYR investment beginning in January 2021 when we participated as the largest investor in their PIPE offering. We are confident in the prospects of signing significant commercial offtake agreements in both the energy storage and EV sectors that will enable us to select a Gigafactory location in the U.S. next year,” said Jeremy Bezdek, managing director of KSP and FREYR board director.In conjunction with the agreement, KSP and FREYR have invested $70 million in convertible promissory notes with 24M, under which KSP and FREYR will initially invest $50 million and $20 million, respectively. Upon closing of the convertible note financing, the JV entered into a new licensing agreement with 24M that will enable the JV to deploy 24M’s SemiSolid™ platform technology with conditional limited exclusivity in the U.S.“We are delighted to enhance our deep strategic partnership with FREYR and establish a new collaboration with a globally-respected industrial player in Koch,” added Naoki Ota, President and CEO of 24M. “The investment in 24M and expanded licensing agreement validate our battery technology leadership and offer potential deployment at commercial scale in the U.S.”The JV will leverage 24M’s SemiSolid™ technology, which dramatically reduces the number of steps required to manufacture battery cells while still using conventional lithium-ion raw materials. The SemiSolid™ production platform enables capital and operating cost savings as well as expanded opportunities to recycle materials. Using the 24M technology platform, the JV will have the flexibility to provide next-generation batteries of various sizes and chemistries at commercial scale."

Hopefully not too far away and rather than breadcrumbs and vague MOU's ('potential', 'work towards') we shall see from TLG concrete and detailed deals