Highfield Resources Limited (AU:HFR) has released an update.
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Highfield Resources is advancing towards securing the necessary Phase 1 funding for its Muga Potash Mine, aimed at providing a crucial source of potash to enhance global crop yields and address food security. While construction is ready to begin pending financing, with competitive advantages due to its strategic European location, finalization of funding negotiations has been shifted from Q2 to early or mid Q3 2024. The company will keep the market informed as per its disclosure commitments.
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