10th Apr 2015 07:33
LONDON (Alliance News) - Antimony development company Tri-Star Resources PLC Friday said an agreement has been signed with Luxembourg-based commodities company Traxys Europe SA to be the nominated trading partner for the Oman Antimony Roaster project.
Tri-Star said the heads of agreement has been signed between Traxys and Strategic & Precious Metals Processing LLC, in which Tri-Star owns a 40% stake.
Under the deal, Traxys will supply feedstock and provide offtake and related financing and services to Strategic & Precious Metals.
No financial details were provided on the deal.
Tri-Star shares were up 5.2% to 0.121 pence on Friday morning.
By Sam Unsted; [email protected]; @SamUAtAlliance
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