Talga Group (ASX:TLG) won't be extending its non-binding Memorandum of Understanding (MoU) with Mitsui & Co. Europe Plc.
The battery and advanced materials company based in West Perth says the MoU, which was entered into in March of 2020, has been mutually agreed to not be extended beyond March of this year.
Talga Group says since entering the MoU, its financing model for its 100% owned Vittangi Anode project in Sweden has evolved with the support of multiple EU and commercial financial institutions.
Talga Group and Mitsui will continue discussions related to commercial collaborations in marketing and trading opportunities across global battery materials markets.