Funds have been received from domestic and international, institutional and sophisticated investors and
Strong support for the placement validates the world-class potash project that hosts large near-surface resources, is close to infrastructure and is favourably positioned to supply the world's fastest-growing markets.
'Executing early works program'
The company appreciates the strong support of existing and new shareholders and is now well placed to commence the early works program emphasising critical plant and infrastructure in
'Our team is well prepared to execute on the early works program and will keep the market up to date as we move forward.'
Well funded going forward
Proceeds from the placement will be used for early work including site road development, geotechnical optimisation, reverse osmosis plant completion and installation, exploration camp relocation and
Some of the proceeds will also be allocated towards detailed engineering for the project.
Contact:
Tel: +44 (0)207 989 0813
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