Tombador solidifies offtake agreement

The three-year contract will automatically renew each year. Trafigura will buy 100% of the production from Tombador's project of the same name in Brazil, which is sold to the international export market. The company plans to sell some iron ore to the Brazilian market.

The agreement includes comprehensive terms of sale, shipping, delivery and pricing for Tombador's high quality lump and ore, including additional working capital support via partial payment before delivery.

CEO Gabriel Oliva: “This partnership provides a smooth entry into the international market once operations begin, providing certainty for sales and working capital support.”