Diatreme Resources Signs MOU with Mitsui & Co. for Silica Sand Offtake.

Diatreme Resources Limited (ASX: DRX) has entered a non-binding Memorandum of Understanding (MOU) with Japanese trading giant Mitsui & Co. to explore potential offtake agreements for silica sand from Diatreme’s North Queensland projects. This collaboration aims to address the growing demand for high-purity, low-iron silica critical for the global solar energy boom. Effective until November 2025, with automatic renewal, the MOU enables both parties to engage in negotiations and assess mutual business opportunities. Mitsui’s endorsement marks significant progress for Diatreme, complementing prior agreements with China’s Flat Glass Group and Sibelco.

Diatreme CEO Neil McIntyre hailed Mitsui’s involvement as a boost for the company’s sustainable development goals, while Mitsui’s representative highlighted the strategic location and quality of Diatreme’s projects. As solar power drives renewable energy growth, this partnership strengthens Diatreme’s potential to become a key supplier for the solar PV industry.

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