Otanmäki Mine has signed a Memorandum of Understanding with Traxys North America LLC
Otanmäki Mine Oy has signed a Memorandum of Understanding (MOU) with Traxys North America LLC. According to the MOU, Traxys has the exclusive right to market and trade metal concentrates produced by Otanmäki Mine’s mining operations. The aim is to conclude the final marketing/off take agreement before the end of 2022. The most significant item of the agreement will be the possible financial component, which may consist of direct capital to the company, various loan solutions, forward payments on the products and working capital for the start-up phase of production. Link to more detailed press release below.