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Arianne Phosphate signs 2nd off-take deal

Arianne Phosphate Inc. has signed its second off-take deal for high purity phosphate concentrate, the company said Dec. 13.

The unnamed buyer of the concentrate from its Lac a Paul project in Quebec is a global trader of fertilizer products and will have a commitment to purchase a specific annual quantity in addition to an option for additional amounts.

Pricing will be based off floating benchmark prices plus a premium. Arianne said it continues discussions with other potential off-takers.

The company inked its first off-take deal in September.