Syrah Resources LimitedASX: SYR

Syrah enters into MOU with Ford and SK On

· Issued by Syrah Resources Limited

Filed with ASX · · 3 pages · English

Summary by 6ix AI

Syrah Resources Limited has entered into a non-binding memorandum of understanding with Ford Motor Company and SK On., Ltd to explore a strategic arrangement for natural graphite active anode material supply. The MOU aims to evaluate the supply of anode material from Syrah's Vidalia facility in the USA for Ford's electric vehicle programs. Under the agreement, the parties will work towards finalizing a binding offtake agreement by the end of the year.

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