RE:SOON harleymonster1 wrote: Expect to see some news that will move this back to a new 52 week high is my guess... Everthing is in place with todays announcement and the last PEICE of the puzzle before the stock price gains ground is the OFFTAKE agreement ....GLTA
Seems EVERYONE is STILL Mentioning an OFFTAKE AGREEMENT__
When NONE is NEEDED AnyMORE eh !!!!!!!!!! ALL $$$$$$$$$$$ Needed to Do the Planned MINING and ORE Processing Have ALREADY BEEN Secured With the Recent Private Placement__and the TWO Huge 20 Cent WARRANT Exercises by SPROTT.
What Is an Offtake Agreement?
An offtake agreement is an arrangement between a producer and a buyer to purchase or sell portions of the producer's upcoming goods. It is normally negotiated before the construction of a factory or facility to secure a market and revenue stream for its future output.
Offtake agreements are typically used to help the selling company acquire project financing for future construction, expansion projects, or new equipment through the promise of future income and proof of existing demand for the goods.
KEY TAKEAWAYS
An offtake agreement is an agreement to buy or sell, in advance, some of a producer's goods that haven't yet been made, making it easier for producers to obtain financing.
This type of agreement may be negotiated far in advance, often prior to construction of manufacturing facilities and before actual production has begun.