• Highfield Resources (ASX: HFR) on track to becoming a globally diversified potash producer (w/ Ignacio Salazar)

  • Aug 14 2024
  • Length: 15 mins
  • Podcast

Highfield Resources (ASX: HFR) on track to becoming a globally diversified potash producer (w/ Ignacio Salazar)

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  • Summary

  • 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.
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