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South Harz Potash Ltd ( (AU:SHP) ) just unveiled an update.
South Harz Potash Ltd has successfully closed its Shortfall Shares placement, raising A$180,000 in new equity, completing its capital raising program. This funding, totaling approximately A$2.58 million, will support the company’s dual-asset strategy, including the acquisition of a second mining project and the growth of its existing Ohmgebirge project. This strategic move positions South Harz to enhance its market presence and deliver long-term value to shareholders.
More about South Harz Potash Ltd
South Harz Potash Ltd is a potash exploration and development company focused on the South Harz Potash District in Germany. The company holds a significant mineral resource estimate and operates several mining and exploration licenses, with a primary focus on the Ohmgebirge Development, which has a substantial potash capacity and benefits from existing infrastructure.
Technical Sentiment Signal: Sell
Current Market Cap: A$3.68M
See more insights into SHP stock on TipRanks’ Stock Analysis page.