Highfield Resources Limited (AU:HFR) has released an update.
Highfield Resources Limited is advancing the Muga Potash mine project in Spain, having awarded major construction contracts to EPOS-TUNELAN for underground infrastructure and to Acciona for civil works, aligning with budget estimates from the recent feasibility study. The company is progressing with financing efforts, engaging with various investors and planning to conclude negotiations in Q2 2024. Amidst a stable potash market with potential supply risks due to Middle Eastern conflicts, Highfield has a strong cash position with A$16.3 million in the bank as of March 31, 2024.
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