TALGA GROUP LTD

TLG
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Talga Group Ltd - Tripartite LOI Update

11/30/2021 | 10:23am

Talga Group Ltd ('Talga' or 'the Company')(ASX: TLG) provides an update on the nonbinding Letter of Intent ('LOI') executed with Mitsui & Co. Europe Plc ('Mitsui') and Luossavaara-Kiirunavaraa Aktiebolag ('LKAB') (ASX: TLG 2 November 2020) and expiring 30 November 2021.

Following advanced and productive discussions towards Vittangi project level funding, the parties at this stage were not able to complete a satisfactory transaction and the formal LOI has now lapsed. Mitsui and Talga continue to advance their project development discussions under the separate and existing Memorandum of Understanding ('MOU') (ASX:TLG 20 March 2020).

Talga continues to pursue existing and new financing and partnership opportunities arising from the strong global demand outlook for green battery anode.

Contact:

Tel: +61 (0) 8 9481 6667

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