Near-term crop nutrient producer Potash Ridge has signed a preliminary non-binding, multi-year agreement between its Quebec-based subsidiary Valleyfield Fertilizer Corp and a prominent fertiliser distribution partner, representing about 25% of Valleyfield’s initial yearly potassium sulphate (SOP) output.
The Toronto-based project developer said a portion of the distribution volume falls under a take-or-pay formula, which together with several other commercial contracts in place, positions the company pursue project financing negotiations.
