Nov 3 2010
White Mountain Titanium Corporation ("White Mountain" or the "Company") (OTC Bulletin Board: WMTM) reports that, further to the news release of October 13, 2010, the Company has signed its second Letter of Intent off-take agreement with a major pigment producer for the supply of standard grade rutile concentrate from its proposed Cerro Blanco operation.
The terms of this off-take agreement are substantially the same as those contained in the agreement announced earlier.
"This second Letter of Intent off-take agreement adds to our confidence in the Cerro Blanco project and re-inforces our commitment to advance the project to final feasibility as quickly as possible," said Michael Kurtanjek, the Company's President and CEO. "It is clear that the Cerro Blanco rutile concentrate can establish itself as a viable chloride grade feedstock for both pigment and sponge metal applications."
Source: http://www.wmtcorp.com/