Reward Minerals Limited ( (AU:RWD) ) just unveiled an announcement.
Reward Minerals Limited has applied for an exploration license for the historic Warroora Gypsum deposits, located near its Carnarvon Potash Project. This acquisition aligns with Reward’s strategy to establish a low-cost supply of gypsum, which is essential for producing SOP fertilizers. The move could enhance Reward’s operational capabilities and strengthen its position in the SOP market, potentially benefiting strategic investors and stakeholders involved in seawater solar salt production and SOP developments in Western Australia.
More about Reward Minerals Limited
Reward Minerals Limited operates in the mining industry, focusing primarily on the production and development of potash and related minerals. The company is engaged in the exploration and processing of minerals to produce Sulfate of Potash (SOP), a key agricultural fertilizer, with a particular focus on utilizing its proprietary technologies for mineral recovery.
YTD Price Performance: 1.67%
Average Trading Volume: 65,128
Technical Sentiment Signal: Sell
Current Market Cap: A$16.24M
See more data about RWD stock on TipRanks’ Stock Analysis page.