BRIEF-Syrah Resources Says Tesla Offtake Alleged Default Resolved

Tesla Motors, Inc.

Tesla Motors, Inc.

TSLA

0.00

June 1 (Reuters) - Syrah Resources Ltd SYR.AX:

  • TESLA OFFTAKE ALLEGED DEFAULT RESOLVED

  • TESLA WITHDRAWS INTENT TO TERMINATE OFFTAKE AGREEMENT WITH SYRAH

  • TESLA RESERVES RIGHT TO TERMINATE OFFTAKE AGREEMENT IF QUALIFICATION NOT ACHIEVED

  • IN ADVANCED STAGES OF QUALIFICATION TESTING WITH TESLA

  • TESLA ACCEPTS THAT SYRAH DEMONSTRATED IT IS PRODUCING CONFORMING AAM SAMPLES, MADE SUFFICIENT PROGRESS TO CURE ALLEGED DEFAULT

Further company coverage: SYR.AX



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