Avanti Signs Molybdenum Offtake Agreement with TKMetPro,2013-I
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- Category: Molybdenum's News
- Published on 25 June 2013
- Hits: 490
The company Avanti Mining (TSXV:AVT) was in the news throughout March when its Kitsault molybdenum project received environmental approval from the BC government despite the Nisga’a Lisims Government’s disapproval.
Now, Avanti Mining is making headlines again with the news that it has entered into an offtake agreement with Germany’s ThyssenKrupp Metallurgical Products (TKMetPro) for 50 percent of Kitsault’s molybdenum project over the course of the mine’s life.
The agreement gives TKMetPro, which operates in 80 countries and recorded sales of 40 billion euros last year, the right of first refusal for further molybdenum produced by Avanti at other projects when the agreement is in effect. Avanti has also made TKMetPro the exclusive agent for the sale of its products in Europe and North America; a specific amount will be sold in Germany.
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