Europa Metals Ltd (LON:EUZ) has signed an agreement with concentrate marketing agent Conrad Partners, in relation to product from the Toral lead, zinc and silver project in Castilla y León, north-west Spain.
Conrad Partners has agreed to work with the company to source commercial terms for the potential future supply and sale of concentrate products from Toral. The firm is a leading Hong Kong-based concentrate agent within the industrial metals space, with a track record of structuring agreements and managing concentrate sales for a series of pre-production and producing companies worldwide.
Europa Metals said it believes it prudent to engage with Conrad Partners at the current time, in order to access valuable advice and proven expertise in delivering successful offtake relationships for global mining companies. The marketing agreement is non-exclusive and thereby permits Europa Metals to pursue other potential product relationships as appropriate.
"The Toral lead, zinc and silver project has reached the stage where operations can be advanced through the use of the potential concentrate output from the project,” Europa chief executive Laurence Read said in a statement.
“Accordingly, we have been engaged in a process with the Conrad Partners' team over recent months, which has included their review of our project data room. I am delighted that, following this review period, we have now executed the marketing agreement, which serves to appoint Conrad Partners as a marketing agent for the Toral project," he added.