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.