PERTH (miningweekly.com) – ASX-listed phosphate developer Fertoz has inked a marketing agreement for up to 10 000 t of rock phosphate from a US project owned by Solvay USA.
The agreement will see Fertoz hold the exclusive right to market the product for a period of two years, with Solvey to be responsible for loading the material. The mined material is currently sitting at surface in stockpiles, ready for distribution.
“We are very pleased to have secured this high-quality rock phosphate in Montana, as it provides us with additional supply flexibility in providing product to the Canadian Praire provinces and Midwest USA,” said Fertoz executive chairperson Patrick Avery.
“The location of the material allows immediate access to rail infrastructure and the key road infrastructure of the north-west Highway 15, and east-west Highway 90.”
Avery said that the company has obtained organic certification for the mined phosphate, which will enable Fertoz to market the product to the organic sector, at higher margins.
“This strategic location of this additional supply near key infrastructure routes will also enable Fertoz to meet expected customer orders across areas of North America that are not easily accessible from the company’s other phosphate sources of Wapiti and Fernie.”