Kalium Lakes Ltd (AU:KLL) has released an update.
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Kalium Lakes Ltd faced production and funding challenges, leading to the suspension of trading and appointment of administrators and receivers. A recapitalization proposal was accepted, resulting in a major shareholder overhaul and the issuance of new shares as part of a company restructure. The Beyondie mine was placed under care and maintenance, with most employees laid off, while the company’s subsidiaries entered liquidation after failing share sale agreements.
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