Eurobattery Minerals signs Letter of Intent to invest in a tungsten project expected to yield cashflows from 2025
The investment will, in combination with a letter of intent with an off-taker within the Sandvik Group, enable TSJ to start delivering tungsten material to Europe in 2025.
- The investment will, in combination with a letter of intent with an off-taker within the Sandvik Group, enable TSJ to start delivering tungsten material to Europe in 2025.
- Tungsten is a critical raw material used widely in industrial applications and in many important sectors, e.g.
- Eurobattery Minerals intends to explore the possibility of obtaining financing for the investment, for which the parties’ collective ambition is to complete the deal in 2024.
- The LOI gives Eurobattery Minerals exclusive rights for ninety calendar days to invest the majority stake in the Project.