Brief: Australian Mines Signs Offtake Agreement With LG Energy Solution
16/08/2021 24:19
Aug 16 (Reuters) - Australian Mines Ltd AUZ.AX :
* SIGNS BINDING OFFTAKE AGREEMENT WITH LG ENERGY SOLUTION
* AGREEMENT FOR SUPPLY OF MIXED NICKEL-COBALT HYDROXIDE FROM
SCONI
PROJECT
* AGREEMENT CONDITIONAL ON CO GETTING FINANCING FOR
CONSTRUCTION
OF SCONI PROJECT ON OR BEFORE 30 JUNE 2022
* SIX-YEAR SUPPLY DEAL WOULD TRANSLATE TO PRODUCING
BATTERIES THAT
CAN POWER 1.3 MILLION HIGH-PERFORMANCE ELECTRIC VEHICLES
Source text for Eikon: ID:nASX3qLcl2
Further company coverage: AUZ.AX
((Reuters.Briefs@thomsonreuters.com;))
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