CAPITAL MARKETS

New potash producer Kalium raises for expansion

KALIUM Lakes has launched a A$60 million capital raising to fund the expansion of its new Beyondie sulphate of potash operation in Western Australia.

 Kalium Lakes' Beyondie SOP project

Kalium Lakes' Beyondie SOP project

The company will raise $50 million via a two-tranche placement priced at 18c per share, an 18.2% discount to the last closing price. Kalium's largest shareholder Greenstone Resources has committed to...

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