HMW Phase 1 Funding & Offtake Secured with US Based Partner
Summary
Execution of a new Offtake Agreement with Authium for the sale of 45 kt LCE over a period of 6-12 years.
US$6 million in offtake prepayments to kickstart our production process.
A$13 million equity placement to support construction and working capital needs.
Strategic partnership with Authium expected to significantly reduce capital and operational costs.
Investor webinar scheduled for 17 April 2025 at 10:00am AWST/12 midday AEST to provide investors with a detailed overview of the Authium transaction and the important next steps for the Company.