Andromeda Metals: Secures offtake deal for Great White concrete additives

Andromeda Metals Secures offtake deal for Great White concrete additives

• Andromeda Metals (ADN) signs a three-year offtake agreement to sell two concrete additives from its Great White project in South Australia
• Under the deal, Netherlands-based IMCD will offtake a combined 22,500 tonnes of HRM and SRM additives over an initial three-year term, with the potential for more
• Andromeda’s HRM concrete additive is a new product that the company says may help construction companies meet their carbon reduction targets and also reduce costs
• The companies will now work together to advance approvals and trials with end customers using product from Great White before transitioning to full-scale supply
• ADN shares are up 5.77 per cent to trade at 5.5 cents at 2:53 pm AEDT