Hyperion Signs MoU for Zircon Offtake With Mario Pilato

Key Facts

• CHARLOTTE, N.C.--(BUSINESS WIRE)--Hyperion Metals Limited (ASX: HYM) is pleased to announce that it has entered into a non-binding Memorandum of Understanding (“MoU”) with Mario Pilato BLAT S.A. (“Mario Pilato”) for the potential supply of zircon products.

• “We are excited to be working with Mario Pilato, an industry leader in zircon products, including the production of ceramics, to develop a long term supply agreement from the Titan project.

• The MoU contemplates the commencement of negotiations of a supply agreement between Hyperion and Mario Pilato for an initial five-year term on an agreed market-based pricing methodology for the annual supply of up to 20,000 tonnes of zircon products from Hyperion’s Titan Project, Tennessee, USA.
• Anastasios (Taso) Arima, CEO and Managing Director said: “We are excited to be working with Mario Pilato, an industry leader in zircon products, including the production of ceramics, to develop a long term supply agreement from the Titan project.

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