NioCorp subsidiary enters offtake agreement with Traxys
NB•A NioCorp subsidiary entered a 15-year offtake agreement with Traxys for Elk Creek project products. Traxys will purchase 50%, or 3,700 metric tonnes per year, of ferroniobium and exclusively market and sell other Elk Creek products; the agreement may be terminated if financing is not approved by Dec. 31, 2027.
1. Offtake agreement
Traxys will purchase 50%, or 3,700 metric tonnes per year, of Elk Creek ferroniobium and exclusively market and sell the project’s other products. The agreement has a 15-year term with two automatic one-year renewals and may be terminated if financing is not approved by Dec. 31, 2027.
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