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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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
