Cobalt Blue Signs Offtake Term Sheet for Kwinana Refinery
Key points
- Signed non-binding term sheet with STG Metals GmbH for Kwinana Cobalt Refinery
- Term sheet is a key step towards Final Investment Decision
- Represents substantial contribution to offtake requirement
Full summary
Cobalt Blue Holdings Ltd (ASX: COB) has signed a non-binding term sheet with STG Metals GmbH for the sale of standard grade cobalt metal rounds from the Kwinana Cobalt Refinery (KCR) in Western Australia. The term sheet, while non-binding, includes binding obligations for both parties to negotiate and finalize a definitive Offtake Agreement. This agreement represents a significant milestone for the KCR project, providing an early sales channel and contributing substantially to the refinery's overall offtake requirement. The term sheet also complements existing feedstock arrangements with Glencore and supports the project's pathway to a Final Investment Decision.
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