Off Takeswe need to market the concentrates to obtain Off Takes.
Niocorp Developments Ltd. (TSX: V.NB, Stock Forum) rose 15.7% to 81 cents on Monday after the company said it had entered into an offtake agreement with ThyssenKrupp Metallurgical Products regarding the company's Elk Creek deposit located in the southeast corner of Nebraska.
According to the news release, the agreement calls for ThyssenKrupp to purchase 3,750 metric tons or approximately 50% of the company's planned Ferro-Niobium production at Elk Creek over an initial ten-year term.
we are then assued of $$$ for construction of a mine.
Just like the the company you mentioned did....they were less than half of their stock price when this was announced, just in December now they trade at 1.85
Off Take seals the deal.