Resumen de Tertiary Minerals signs fluorspar offtake with Possehl

Industrial Minerals

• Possehl will provide pre-financing to help develop Tertiary’s fluorspar projects in a deal that will see the trading company purchase the majority of Tertiary’s acidspar.Global commodities trading group Possehl Erzkontor GmbH & Co KG has signed a memorandum of understanding (MoU) with Tertiary Minerals plc under which it will purchase acidspar from Tertiary’s three fluorspar projects once production starts. “Not only does this provide the company with the opportunity, and competitive advantage, to secure long-term sales contracts with key fluorspar end-users,” he added, “but also access to pre-financing, which can form an important part of the overall development funding package for our fluorspar projects and potential future acquisitions.