Running Commentary on the SP Movements., page-4389

http://www.investopedia.com/terms/o/offtake-agreement.asp
What is an 'Offtake Agreement'
An offtake agreement is an agreement between a producer of a resource and a buyer of a resource to purchase or sell portions of the producer's future production. An offtake agreement is normally negotiated prior to the construction of a facility such as a mine, in order to secure a market for the future output of the facility. If lenders can see the company has a purchaser of its production, it makes it easier to obtain financing to construct a facility.



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