The term sheet provides for the offtake of future raw materials, the funding for upstream and downstream expansion, and potential strategic partnership initiatives in the electric vehicle (EV) battery space between both companies.
Catalist-listed Silkroad Nickel, an established producer of laterite nickel ore based in Morowali, Central Sulawesi, Indonesia, has entered into an exclusive term sheet on Jan 15 with Ganfeng Lithium.
Ganfeng Lithium is one of the world’s largest lithium compound producers and its shares are dual-listed on the Shenzhen Stock Exchange and Hong Kong Stock Exchange.
