Potash Ridge Secures Offtake Agreement For Valleyfield SOP Production

Potash Ridge (“Potash Ridge” or the “Company”) (TSX: PRK), a near term producer of premium fertilizer in North America, is pleased to announce an offtake agreement with a leading supplier of fertilizer products in North America, for up to 10,000 tonnes per year, which represents approximately 25% of the Company’s annual potassium sulphate (“SOP”) production.
Jay Hussey, President of Valleyfield Fertilizer, commented:

“This announcement is another major milestone following several key commercial agreements signed in the past year.
The distribution agreement secures a meaningful volume of our production with an established industry partner who possesses significant  knowledge and experience of the SOP market in Eastern North America, our primary target market.”

The preliminary non-binding, multi-year agreement between the Company’s wholly-owned, Quebec-based subsidiary, Valleyfield Fertilizer, and a leading fertilizer distribution partner represents approximately 25% of Valleyfield’s initial annual production with a portion of the distribution volume under a take-or-pay formula.
Definitive binding terms of the contract are expected to be finalized in the coming weeks.
Click here to read the full text release.