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Highfield Resources (ASX: HFR) on track to becoming a globally diversified potash producer (w/ Ignacio Salazar)
Manage episode 434243743 series 2701497
Highfield Resources (ASX: HFR) chief executive officer Ignacio Salazar joins Small Caps to discuss the company's recent game-changing strategic corporate deal.
The company recently signed a transformative proposed transaction to finance its Muga potash mine in Spain and acquire a potash project (Southey) in Saskatchewan, Canada.
Muga has attracted vital funding interest with the signing of a Letter of Intent for cooperation with Yankuang Energy Group. The proposed transaction would entail the funding of US$220 million of equity capital from strategic investors.
Yankuang Energy intends to provide up to US$90 million to support the cornerstone placement with the other strategic investors providing the rest.
Muga is considered shovel-ready, and Highfield recently signed the contract for the construction of the civil works and the ramps at Muga.
For more information on Highfield Resources:
https://smallcaps.com.au/stocks/asx-hfr/
See omnystudio.com/listener for privacy information.
129 episode
Manage episode 434243743 series 2701497
Highfield Resources (ASX: HFR) chief executive officer Ignacio Salazar joins Small Caps to discuss the company's recent game-changing strategic corporate deal.
The company recently signed a transformative proposed transaction to finance its Muga potash mine in Spain and acquire a potash project (Southey) in Saskatchewan, Canada.
Muga has attracted vital funding interest with the signing of a Letter of Intent for cooperation with Yankuang Energy Group. The proposed transaction would entail the funding of US$220 million of equity capital from strategic investors.
Yankuang Energy intends to provide up to US$90 million to support the cornerstone placement with the other strategic investors providing the rest.
Muga is considered shovel-ready, and Highfield recently signed the contract for the construction of the civil works and the ramps at Muga.
For more information on Highfield Resources:
https://smallcaps.com.au/stocks/asx-hfr/
See omnystudio.com/listener for privacy information.
129 episode
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