Surefire Resources (ASX:SRN) executed a heads of agreement with HMS Bergbau for offtake from its Victory Bore critical minerals project in Western Australia, according to a Tuesday Australian bourse filing.
The agreement covers all critical mineral products from the proposed Victory Bore mine and beneficiation plant and allows the companies to finalize discussions on product quantities, delivery terms, and pricing mechanisms.
The German firm made an approach to Surefire in November 2024 and has since been in talks with it regarding offtake.
The agreement complements talks with Saudi Arabian and European stakeholders on project funding, the filing added.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.