Metallica Minerals Extends MOU with Mitsui for Cape Flattery Silica Sand Project

Metallica Minerals Limited (ASX: MLM) has provided an update on its partnership with Mitsui & Co., Ltd. (Mitsui) by announcing the extension of the Memorandum of Understanding (MOU) initially signed in 2022. Exploration of Off-take Arrangements for Cape Flattery Silica Sand Project under MOU. This extension of the MOU, which will now run until 1 September 2024, builds upon the positive discussions and progress made thus far.

The MOU provides a basis for continuous negotiations and assessments concerning the potential buying and selling of MLM's silica sand products, in their entirety or specific portions. The MOU does not constitute a binding off-take agreement but provides a framework for exploring and entering into such contracts. Furthermore, company’s recent discussions with Mitsui have explored other potential partnership opportunities beyond off-take arrangements.

Customer Notice:

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.

Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com