South Harz Potash Ltd ( (AU:SHP) ) has provided an announcement.
South Harz Potash Ltd has completed an initial placement of 29,850,000 new shares, raising A$298,500, and plans further share issues pending shareholder approval. The company is progressing with the acquisition of the Sollstedt mine property, extending exclusivity for negotiations until July 2025, which is expected to enhance its operational capabilities and reduce development costs.
More about South Harz Potash Ltd
South Harz Potash Ltd is a potash exploration and development company focused on its flagship project in the South Harz Potash District of Germany. The company holds significant potash mineral resources and operates several mining and exploration licenses in central Europe, aiming to develop potash mines with reduced capital expenditure and environmental impact.
Average Trading Volume: 581,681
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$8.42M
See more data about SHP stock on TipRanks’ Stock Analysis page.