Western potash corp executes binding offtake agreement with archer daniels midland company

Western resources corp. announced that western potash corp. entered into a binding offtake agreement with archer daniels midland company for 100% of the potash production (146,000 tonnes per annum) from the milestone phase i plant. key terms of the offtake agreement include: binding commitment to take 100% of the produced potash from the phase i project; free-on-board (fob) mine site and transported from the site by truck to the nearby port lajord terminal, only 13 kilometers from the project site; a structure to incentivize the best final sale price for both parties.
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