Highfield Resources Limited ( (AU:HFR) ) has shared an announcement.
Highfield Resources Limited announced that Beijing Energy International Holding Co., Ltd has received FIRB approval for a US$50 million investment in Highfield as part of a larger transaction. This investment is crucial for Highfield’s strategy to raise US$220 million in equity capital and acquire the Southey potash project in Canada, enhancing its position as a globally diversified potash company. The approval marks a significant milestone in Highfield’s expansion efforts and is subject to further shareholder and regulatory approvals.
More about Highfield Resources Limited
Highfield Resources is an ASX-listed potash company focused on the development of its Muga Project in Spain. The company aims to commence full-scale construction of this high-margin, low-capex project, having secured necessary permits and licenses. The Muga Project is strategically located in a European agricultural region with a potash supply deficit. Highfield also holds potash tenements in the Ebro potash producing basin in Northern Spain.
YTD Price Performance: -5.71%
Average Trading Volume: 1,741
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €60.03M
See more data about HFR stock on TipRanks’ Stock Analysis page.