Liontown Resources Limited (ASX: LTR) announced that it has mutually agreed with Tesla to extend the termination date for its binding offtake term sheet (“Offtake Term Sheet”) with Tesla to 6 June 2022.
The extention would allow the Company and Tesla to complete negotiation for the definitive full form binding offtake agreement.
The Offtake Term Sheet with Tesla for the supply of up to 150,000 dry metric tonnes yearly of spodumene concentrate would begin in 2024. This spodumene concentrate would be produced at Kathleen Valley.
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