Salt Lake Potash is raising up to A$57 million in equity at A$0.40 in order to satisfy the remaining conditions precedent and achieve financial close on the US$138m Taurus/CEFC debt facility for Lake Way. The Project remains on track for first SOP production in March 2021 and first SOP sales in April, with the project capital budget unchanged at A$264m.
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Cenkos: Salt Lake Potash Ltd -- Another funding
- Published:
15 Dec 2020 -
Author:
Will Dymott -
Pages:
15
Salt Lake Potash is raising up to A$57 million in equity at A$0.40 in order to satisfy the remaining conditions precedent and achieve financial close on the US$138m Taurus/CEFC debt facility for Lake Way. The Project remains on track for first SOP production in March 2021 and first SOP sales in April, with the project capital budget unchanged at A$264m.