Andromeda Metals Limited has signed a Binding Offtake Agreement with Traxys.

Andromeda Metals Limited (ASX: ADN) signed a binding Offtake Agreement with Traxys Europe S.A. (Traxys) to sell and purchase Andromeda’s kaolin products for the first five years of production. This Agreement replaces the previously signed Heads of Agreement. It ensures the binding offtake commitments needed to support its expanded Stage 1A+ production and to make further progress toward a final investment decision.

The Agreement spans five years, with automatic annual extensions, starting with 25,000 wet metric tonnes in the first year of production, 40,000 wmt annually for the second year, and 50,000 wmt annually for the third year and beyond. Additionally, as processing capacity increases, contracted volumes of Great White CRM will increase proportionately to 50% of the available processing capacity.

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