PROJECT FINANCE

Commonwealth joins Salt Lake funding pool

SALT Lake Potash reckons it’s fully-funded for its inaugural Lake Way development, having just signed a US$138 million debt financing package with Taurus Mining Finance and the Clean Energy Finance Corporation and locking in a fully underwritten A$98.5 million raising with Euroz Securities and Canaccord Genuity.

 Salt Lake has turned on the money tap.

Salt Lake has turned on the money tap.

Taurus is putting in US$91 million, while the CEFC has come to the party and is chipping $47 million into the four-year facility, which charges 9% interest, payable quarterly.    Taurus previously...

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