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Melior Signs 10-Year Fertilizer Off-Take Agreement With Soft Agriculture
Nov. 07, 2017 08:30AM PST
Phosphate InvestingMelior Resources (TSX VENTURE:MLR) (“Melior” or the “Company”) today announced that its wholly-owned subsidiary, Goondicum Resources Pty Limited, has signed an off-take agreement (the “Agreement”) to supply apatite fertilizer to SOFT Agriculture Pty Limited (“SOFT”), an organic agri-products manufacturer based in Australia. Mark McCauley, President and CEO of Melior Resources, said: “We are extremely pleased …
Melior Resources (TSX VENTURE:MLR) (“Melior” or the “Company”) today announced that its wholly-owned subsidiary, Goondicum Resources Pty Limited, has signed an off-take agreement (the “Agreement”) to supply apatite fertilizer to SOFT Agriculture Pty Limited (“SOFT”), an organic agri-products manufacturer based in Australia.
Mark McCauley, President and CEO of Melior Resources, said:
“We are extremely pleased to have entered into a long-term off-take agreement with SOFT given its commitment to organic farming.
The agreement is a testament to the quality of our apatite product and our ability to penetrate the fast-growing organic farming market.”
Under the terms of the agreement SOFT will purchase 100% of Melior’s production volume at a price which is 50% higher than the price Goondicum previously received for this product reflecting the increasing demand for Goondicum apatite’s unique attributes.
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