As suspected, the offtake deal is for a fixed undisclosed price for 3 years and they still need to undergo all the qualification over the next few years of the product to produce AAM.
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If I am not mistaken, AAM (Active Anode Material), which is a term Rensascor use regularly is for Purified Spherical Graphite (PSG), not a fully 'coated' finished anode product comparable to what Talga are doing. Therefore the value of the product, fixed price mechanism limiting price upside and the fact AAM/PSG fetches a lower price (approx $3,500) compare to around $10,000 for anode still has me much preferring Talga's strategy.
Not trying to sh#t on the deal if anyone on here also hold MNS as no doubt the share price will rise today on the back of the Tesla association, but sometimes it is important to look into the fineprint of the deal and how much retail shareholders are really going to benefit from this partnership.
One thing in their favour, is it will set MNS up nicely to tap into the IRA funding to build the AAM plant in the USA and scale up akin to what SYR are trying to achieve.
I hope to see Talga one day replicate this with Talnode Si plants dotted across the US!