You should do some DDLet me help you - from AVZ
Mineral exploration company AVZ Minerals (ASX: AVZ) came out of a trading halt this morning to announce its first ever offtake agreement for its Manono Project in the Democratic Republic of Congo (DRC).
AVZ has signed a long-term offtake partnership with GFL International, a subsidiary of China’s largest lithium compounds producer, Ganfeng Lithium.
In a statement to the market, AVZ said it had penned an offtake agreement for spodumene concentrate with GFL, for an initial 5-year term including an option to extend for a further 5 years.
Cobalt and TTX = lithium Co has great cobalt areas in America and with TTX direct access to lithium from Africa, right next to and on the AVZ area. Everything important about battery metals is available. Tantalex estimates the total tonnage of the heaps at 85-140 million tons. With a Li2O content of 0.65-1%, this could lead to a total spodumene concentrate of between 10-20 million tons. At the most conservative, 10 million tons, a projected VK of $ 600 and OPEX of 400, that adds up to around 2 billion gross margin with no knowledge of the cost of capital. Check out the market capitalization of AVZ in Australia Stock Exchange. TTX (neighbor of AVZ) will publish drill results shortly, the management and investors behind the scenes of International cobalt corp are waiting. from the m & a report by co: "The Companys management is currently waiting for Tantalex to announce results from an ongoing drill program in the Democratic Republic of the Congo. The forthcoming drill results will help management determine if the Company will continue to pursue the proposed amalgamation or elect to convert all of the debentures into common shares of Tantalex. In the event that the Company continues to pursue the amalgamation, management will attempt to negotiate final terms for the amalgamation with Tantalex. The Companys management hopes to make a decision about the Tantalex Amalgamation and convertible debentures in the near future. The business purpose of acquiring the convertible debentures from Tantalex was to expand with another mineral exploration stage company and to provide a return on investment (if successful) to shareholders by advancing exploration and evaluation projects.