Potash

Gordon Cope, Contributing Editor, discusses the future of the fertilizer industry in the Middle East and North Africa (MENA), and its challenges in an ever-changing global landscape.

Sage Potash Corp. has announced that the equipment purchase transaction contemplated in its 9 September 2024 news release will now be carried out through an alternative equipment leaseback arrangement, which, in management's view, is more financially beneficial to the company than the direct purchase transaction.

If finalised, the nearly US$1.3 billion loan guarantee will help make Michigan a leader in potash production, creating 1400 construction jobs and reducing US dependence on foreign countries for critical minerals.

Combined with the existing offtake agreement with AMAGGI, the company have now secured potential commitments for approximately 1.5 million t of the planned 2.4 million t of annual potash production.

This successful logistics operation at the seaport has also created opportunities to diversify supply routes for this essential fertilizer raw material.

The agreement, signed by the company's wholly-owned subsidiary Potássio do Brasil Ltda., establishes a preliminary framework for collaboration between the Project and the Mura Indigenous communities.

Following the initial issue of award shares, the company can now confirm that the second tranche of the award shares are now to be issued to each of the members of the board and management.

Highfield Resources Ltd has announced that Yankuang Energy has received a statement of no objection from Australia’s Foreign Investment Review Board (FIRB) in relation to Yankuang Energy’s proposed subscription for up to US$376 million worth of ordinary shares in Highfield.

These licenses authorise the company to operate two deep water wells that will provide potable water for both construction and operational phases of the project and advance the previously granted installation licenses for construction.

Mr. Joerg brings over three decades of leadership in agricultural commodities, international trade, agriculture finance, and food security throughout Africa and the Middle East.

Funds raised are to be used to progress the Cabinda Fertilizer Project, export partnership opportunities, progressing Lobito distribution hub studies, green ammonia feasibility and partnership progression and general corporate working capital.

The company also provides an update on its position with respect to its assets and investments in Morocco.

11 950 000 stock options announced at the price of US$0.065 per share and are exercisable for a period of 5 years.

PrairiesCan funding to help communities near BHP's Jansen potash site support rapid growth in East Central Saskatchewan.

Brazil Potash intends to use the net proceeds of the offering primarily to fund its pre-operation development expenses, to pay its current liabilities, and for working capital and general corporate purposes.