Potash Ridge clinches 25% take-or-pay agreement

June 19, 2017

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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.

Category: General