RE:RE:Annual report – WHAT YOU NEED TO KNOWteddygva wrote: How do you see their future?
OgnyQ4 wrote: - The 2017 Alcereco offtake agreement expired in December 2020, and was not renewed by the parties.
- Nyngan Scandium Project - Planned Activities -
Initiate project commissioning in early 2023, with product available for sale by mid-year 2023
- At December 31, 2020, we had working capital of $(951,674) including cash of $170,284 and current liabilities of $1,154,388
- As at December 31, 2020, the Company owed $702,456 (2019 - $269,165) to officers of the Company.
Our continued development is contingent upon our ability to raise sufficient financing both in the short and long term. There are no guarantees that additional sources of funding will be available to us; however, management is committed to pursuing all possible sources of financing to execute our business plan.
["New sales agreement extends delivery start date to as late as December 2020,
Agreement addresses delivery of 225 tonnes/year of master alloy, for three years,
Contract sets agreed prices of master alloy from delivery start date, on 150 tonnes of master alloy (2%) product per year,"
Before to go to the toilet :
-ALCERECO sales agreement was extended for a second time.
-ALCERECO sales agreement represented 30% of the initial Ningan production
What about the rest of the LOI?
Will they sign something?
What about the" secret " ones?
https://www.scandiummining.com/news/scandium-international-sales-and-marketing-update/ /quote]