From the prospectus:"The Company generates revenue from the sale...

From the prospectus:

"The Company generates revenue from the sale of lithium concentrate (Li2O) from the Bald Hill Project. The Company and Lithco have separate binding lithium offtake agreements with Burwill Lithium for the sale of lithium concentrate over an initial five-year term, expiring 31 December 2022. On 3 May 2018, the Company and Tawana announced the first shipment of lithium concentrate under their respective offtake agreements following the commencement of lithium concentrate production at the Bald Hill Project in March 2018.The Company also intends to derive revenue from the sale of tantalum produced at the Bald Hill Project. On 23 January 2018, the Company and Tawana executed a non-binding term sheet with HC Starck Group, a leading supplier of technology metals for the sale of a minimum 600,000 lbs of tantalum concentrate. Upon Admission, the Company expects to continue to derive revenue in accordance with the agreements for the sale of lithium concentrate as well as consider additional agreements for the sale of lithium and tantalum concentrate produced at the Bald Hill Project as the production capabilities at the Bald Hill Project increase."

There are several thoughts here:

 - During merger process, any changes to the binding offtake agreements may not have been possible without affecting the scheme (everyone remember the mandatory supplementary documentation when we received funding? I would expect company would want to avoid too many of these changes.). Therefore, given the TH has been announced the first week of A40 trading and many posters kept referring to important news being released after merger, maybe both parties had to sit and wait.

 - A40 appears to have 2 separate offtake agreements (AMAL, TAW). Now that we have merged, do we need to consolodate these into a single agreement?

 - Tantalum sales are under a non-binding term sheet so I doubt the TH relates to this

 - TAW has mentioned on multiple times about pursuing additional offtake agreements so an updated agreement with Burwill may allow a smoother process for enabling new agreements