leadf
logo-loader
viewAustralian Potash Ltd

Australian Potash halted with offtake agreement news pending

The company already has agreements in place with Redoxi, Migaoii and Mitsui, totalling two-thirds of total annual expected production from the Lake Wells SOP Project in WA.

Australian Potash Ltd - Australian Potash granted trading halt with capital raising news pending
Total annual expected production from Lake Wells SOP Project is 150,000 tonnes

Australian Potash Ltd (ASX:APC) has an announcement pending in regard to an offtake agreement and has been granted a trading halt by the ASX. 

The trading halt will remain in place until the start of trading on Thursday, August 13, or when an announcement is released to the market, whichever occurs earliest.

Offtake deals

Australian Potash recently signed a long-form binding agreement with Mitsui & Co Ltd (TYO:8031) for the annual supply of 30,000 tonnes of premium K-Brite sulphate of potash (SOP) from its Lake Wells SOP Project (LSOP) in Western Australia.

This is the third agreement executed in the offtake program and covers the distribution of K-Brite through Asia, excluding China.

Australian Potash now has agreements in place with Redoxi, Migaoii and Mitsui, totalling two-thirds of total annual expected production of 150,000 tonnes of offtake across Australia, New Zealand, China and Asia.

Quick facts: Australian Potash Ltd

Price: 0.16 AUD

ASX:APC
Market: ASX
Market Cap: $77.85 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Australian Potash Ltd named herein, including the promotion by the Company of Australian Potash Ltd in any Content on the Site, the Company...

FOR OUR FULL DISCLAIMER CLICK HERE

Next Green Wave continues to show management plan is working with more...

Next Green Wave (CSE: NGW- OTCQX: NXGWF) CEO Michael Jennings joined Steve Darling from Proactive with news the company continues to see positive cash flow, EBIDTA, and net income. Jennings talks about the last 7 months and how they continue to execute on their original business...

1 hour, 40 minutes ago

2 min read