Non-Binding Term Sheet with Lithium Major
Filed with ASX · · 3 pages · English
Summary by 6ix AI
Core Lithium Ltd has announced a non-binding term sheet with Shandong RuiFu Lithium Co Ltd for a lithium concentrate offtake and a pre-payment facility. The agreement includes a pre-payment of a significant amount to support the development of Core's Finniss Lithium Project. Core aims to negotiate binding agreements with RuiFu in the coming weeks to finalize the terms of the deal.
Written by 6ix AI from the company’s filing. How 6ix writes summaries
Story so far
Earlier from Core Lithium
- New High-grade Assay Results - Grants Lithium Resource
- Extensions to Grants Intersected in New Exploration Drilling
- Positive Pre-Feasibility Study
- 2018 Exploration and Lithium Resource Drilling Commences
- Maiden Resource Estimate at BP33
Later from Core Lithium
- Quarterly Activities and Cashflow Report 30 June 2018
- Improved Recovery of High Grade Lithium Concentrate
- New Exploration Intersections Add to Finniss Potential
- More Wide High-grade Lithium Intersections at BP33
- Argonaut and Hartleys Strengthen Core
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