Salt Lake Potash has announced that it has received funds from its recent AUS$28 million placement,
as well as debt funds from the final US$33 million tranche of its
US$138 million Senior Debt Facility.
The AUS$18 million Guarantee Facility with Sequoia has also been executed.
The funds will be used for general operating expenses during the ramp-up of the Lake Way sulfate of potash project in Western Australia.
“We are pleased to have concluded the debt financing process and would like to thank all our financial stakeholders for their support in funding the Lake Way project. We now look forward to delivering the project and ramping up SOP production over the next 9-12 months,” said Tony Swiericzuk, CEO and Managing Director.