GrowMax Resources Announces Phosphate Rock Offtake Agreement With Kisan International Trading

GrowMax Resources (the “Company” or “GrowMax Resources”) (TSX-V:GRO) is pleased to announce that Americas Potash Peru (“APPSA”), a subsidiary of GrowMax Resources, has entered into a phosphate rock offtake agreement (the “Agreement”) with Kisan International Trading (“Kisan”), a wholly owned subsidiary of the Indian Farmers Fertilizer Cooperative (“IFFCO”).

Stephen Keith, GrowMax Resources’ President & CEO, stated:

“We are extremely pleased to have signed an offtake agreement with an exceptional and highly-reputed partner such as Kisan/IFFCO. This Agreement provides GrowMax with the benefit of an ongoing future revenue stream and lower market risk once production of phosphate rock commences and also provides Kisan with a secure future supply of phosphate rock.

This Agreement marks an important step in the Company’s strategy to optimize its existing projects and assets and is consistent with our recently-announced objective to become a cash-generating fertilizer business.”

Click here to read the full text release.