Salt Lake Potash

Salt Lake Potash has raised $20.25 million via a share placement, with the funds set to advance the development of its Lake Way project.

Blackham Resources has struck a deal to sell its Lake Way tenements to Salt Lake Potash for $10 million in cash.

Gold miner Blackham Resources has announced its third capital raising for the year, bringing the total to $45 million, following a series of delays in production at its gold mines in the Wiluna region of Western Australia.

Salt Lake Potash has secured further funding for the development of its Lake Way project in Western Australia after receiving commitments to raise $23.5 million from a share placement, along with a $22 million debt extension from Taurus Funds Management.

The amount of money raised by ASX-listed explorers increased by 19 per cent to $1.61 billion in the December quarter, primarily for larger companies with lower-risk projects, according to a new report from accounting firm BDO.

SPECIAL REPORT: Capital for the junior mining sector is drying up amid growing concern the traditional business model for small explorers is broken.

Salt Lake Potash has moved a step closer to developing its Lake Way project in Western Australia after receiving $20 million in commitments from a capital raising.

Salt Lake Potash has moved into the construction stage for its Lake Way project in Western Australia's Goldfields after signing two contracts with GR Engineering Services, worth a combined $107 million.

Salt Lake Potash has secured further project funding with a $10 million strategic investment from Perth-based Equatorial Resources, as part of a broader $15 million raising.

Aspiring producer Salt Lake Potash has secured new backing from the Clean Energy Finance Corporation, as part of a broader $301 million financing package.

Kerry Stokes-backed BCI Minerals has announced an underwritten entitlement offer to fund early construction works on its $780 million Mardie salt and potash project.

The state’s environmental authority has recommended approval of a potash project in Western Australia’s Mid West.

WA’s fledgling potash industry is making solid steps towards first production.

Emerging producer Salt Lake Potash has secured new backing for its Lake Way project near Wiluna, as part of a $US138 million syndicated debt facility.

Salt Lake Potash is set to emerge as Australia’s first sulphate of potash producer, having begun commissioning of its Lake Way processing plant near Wiluna.

Kalium Lakes has begun commissioning its Beyondie potash plant in the Pilbara, with first production and sales expected in September.

Salt Lake Potash has secured a further $28 million in funding as it deals with delays to the commissioning of its Lake Way project, while Australian Potash is raising $10 million.

China’s not the only game in town, as recent moves in the resources sector demonstrate.

Former BHP and Fortescue mines manager Isak Buitendag has been appointed as the new chief executive of Salt Lake Potash.

Kalium Lakes is in the race to become Australia’s first sulphate of potash producer, with construction of its Beyondie project nearing completion.

Receivers have been appointed to Salt Lake Potash after the embattled business was unable to repay creditors and raise further funds needed for its Lake Way project in the Goldfields.

One of the first movers in potash has run into trouble, but backers remain bullish about the emerging industry.

Salt Lake Potash’s Lake Way project, which was predicted to be one of the first producing potash assets in the state before its collapse last year, has been put on the market by receivers.

At least seven potash plays plan to produce the fertiliser from sun-dried brine or solar-dried ponds.

BCI boss Alwyn Vorster has hinted the salt and potash play entertained buying Salt Lake Potash’s flagship after the asset was put up for sale by receivers this month.

A special royalty rebate for potash producers was announced in the budget today, as big hopefuls such as BCI Minerals develop projects.

Sev.en Global Investments has bought the Lake Way project from the wreckage of Salt Lake Potash.

Risk Communication Australia managing director Paul McLeod says incorporating potash as a critical mineral and nurturing the solar SOP industry could elevate Australia to a central role in the global potash market.

Private company SO4 has delivered rare good news for the potash sector by announcing successful production at its Lake Way project, which it bought out of receivership two years ago.