Jadar Resources Limited announced that it has signed a non-binding Memorandum of Understanding (MOU) with tin smelter, ThailandSmelting and Refining Co. Ltd, known as THAISARCO to negotiate the supply of tin concentrate from the Company's Khartoum Project including a right of first refusal for all other tin projects (subject to the final offtake agreement), including any joint venture projects between the Parties. The Company's Khartoum Project is located in Queensland and comprises 5 granted Exploration Licences for Minerals (EPMs) and 1 EPM application, covering 390 square kilometres. The tenements host a large number of historic mines, primarily for tin. The Company announced on 26 October 2021 that an early reconnaissance field trip had been conducted throughout the region, with the initial proposed area of focus for the field work and drilling program being the Boulder-Ahmets area, a 9km by 3km zone of anomalous tin defined by surface geochemistry and geological mapping. The MOU sets out the terms for discussion, to comprise the Definitive Agreement. Terms of the Non-Binding Memorandum of Understanding (MOU): Under the MOU, the parties have agreed to enter into a Definitive Agreement for the supply of up to 100% tin concentrate offtake, or a set pre-purchase amount of tin concentrate, specific to the Khartoum Project. The definitive agreement is to be entered into within 6 months of signing the MOU (the Completion Period). The following terms are to be negotiated for inclusion in the definitive agreement: If there will be a requirement for a JORC or NI-43-101 equivalent and/or pre-feasibility study prior to purchase of tin concentrate; Specification of Tin concentrate; Whether THAISARCO will pay a deposit amount to pre-purchase an amount of tin concentrate at a discount from Jadar; Confirmation from Jadar that it will ensure all governmental and local mining approvals and licenses necessary for operation are acquired; THAISARCO to be granted the right of first refusal to enter into offtake or pre-purchase arrangements for all other tin projects, including any joint venture projects between the parties; and Obtaining any required approvals to enter into the agreement. The MOU shall terminate on signing of the definitive agreement. If the parties are unable to finalise the definitive agreement before the expiry of the Completion Period, then: Either party shall have the option to extend negotiations for an additional 1 month, provided that such intention to extend the negotiations is conveyed to the other party in writing at least 7 working days prior to expiry of the Completion Period; or Either party may terminate the MOU upon 7 days written notice; or Termination on conclusion of the Completion Period.