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Highfield Resources and Keytrade sign MoU for offtake from Muga potash mine

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World Fertilizer,

Highfield Resources has announced the signing of a non-binding offtake memorandum of understanding (MoU) between Keytrade AG and Geoalcali S.L.U., Highfield’s wholly owned Spanish subsidiary.

Under the MoU Highfield can provide Keytrade up to 300 000 tpy of muriate of potash (MOP) from Highfield's Muga potash mine in Spain. Keytrade is a Swiss based agri-trader that was first established in 1997.

Highfield continues to engage in ongoing offtake discussions with other wholesale customers, distributors and global traders for the full production capacity from the Muga mine.

Highfield Resources Chairman, Richard Crookes, said: “The signing of another offtake MoU is a very important step in solidifying Highfield’s commercialisation strategy. In addition, it is further recognition by the market of the importance of the Muga mine in the global and local MOP supply space. Keytrade brings many years of experience and a large global network that will be extremely valuable to Highfield.”

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