The “flexible long-term” deal will permit First Cobalt to also sign offtake agreements with automotive original equipment manufacturers (OEMs), which could reduce the volumes sold to Stratton, according to the press release.
First Cobalt has the ability to “elect the annual quantity sold to Stratton Metals,” it said in the press release.
A source with knowledge of the matter said First Cobalt will sell all of its 5,000...
