Avanti Mining Inc. (TSXV:AVT) has entered into a Molybdenum Concentrate Tolling Agreement with Molymet of Chile for the life of mine molybdenum concentrate production at the Company’s Kitsault Project.
“This agreement is an important milestone for Avanti as it assures the steel producers that we can deliver quality products to them throughout the term of any off-take agreements,” stated A.J. Ali, Avanti’s CFO, who is also responsible for the marketing activities of Avanti. “The off-take agreements that we are currently negotiating with various steel producers will play a key role in our financing strategy for Kitsault.”
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