Northstar Signs Letter of Intent with a Major Industrial Customer to Purchase Northstar's Asphalt and Products from One or More Future Facilities in the United States
In addition, Northstar and the Customer (together, the"Parties") will negotiate the purchase and sale of aggregate and fiberglass materials produced at Northstar's U.S. Facilities.
- In addition, Northstar and the Customer (together, the"Parties") will negotiate the purchase and sale of aggregate and fiberglass materials produced at Northstar's U.S. Facilities.
- The Parties also agreed that the price of the asphalt will be market based, including a location and quality differential.
- Further, the Customer agreed that, so long as Northstar's asphalt meets its specifications, it will purchase 100% of the asphalt from Northstar's first location in the United States, up to the produced volume.
- Mr. Aidan Mills, President & CEO, and Director of Northstar, stated, "This is a great step for Northstar towards the formalization of a major off-take agreement with a major North American industrial customer for our first U.S. Facilities.