Saturday, March 15, 2025
1.3 C
London
HomeFinTechSovereign Metals: Signs offtake deal with major rutile supplier Hascor

Sovereign Metals: Signs offtake deal with major rutile supplier Hascor

Date:

ABN AMRO-Owned Neobroker Fined $1.6M for Paying Finfluencers

A Significant Penalty in the Financial Industry Highlights Regulatory...

AvidXchange Explores Potential Sale Amid Market Changes

What Investors Need to Know About AvidXchange's Strategic ShiftHighlights:...

Raisin Expands Its Offerings by Launching in Finland

Discover how Raisin is transforming the financial landscape in...

Sovereign Metals Signs offtake deal with major rutile supplier Hascor

  • Sovereign Metals (SVM) signs an offtake agreement with Hascor International Group for rutile from its Kasiya project in Malawi
  • Hascor is a multinational ferroalloy and metal powder supplier and is also a key processor and global distributor of natural rutile products for the welding industry
  • Through a memorandum of understanding, SVM will supply 25,000 tonnes of natural rutile per year to Hascor’s processing plants and clients across five continents
  • Subject to negotiations, the initial five-year agreement is set to come in to effect once nameplate production begins
  • Shares are trading 11.1 per cent higher at 45 cents at market close

Related stories

spot_img

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

Latest stories