Industrial Minerals


White Mountain terminates offtake due to non-payment

27 August 2012

by John Ollett

Matilda to receive $13m for 10,000 tonne shipment to Tricoastal Minerals

Keywords: rutile, ilmenite, zircon, White Mountain, Tricoastal Minerals, Australia, Korea

Hard rock rutile junior White Mountain Titanium Corp. has terminated its funding and offtake agreement with Korea Resources Corp. (Kores) and Hyundai Welding because the companies have not paid the promised funding.

“Hyundai Welding and Kores failed to make required initial payments by the August 17, 2012 extended deadline,” said White Mountain....