Investegate |South Harz Potash Ld Announcements | South Harz Potash Ld: A$3M Equity Raised for Ohmgebirge Advancement
Summary
South Harz Potash Limited (ASX: SHP) ( or the ) is pleased to announce that it has received firm commitments for a placement of new ordinary shares to a range of new and existing sophisticated and institutional investors, including directors and management, to raise A$3 million (before costs) ( ). Recently appointed South Harz CEO and Managing Director, Luis da Silva, has a near term focus on driving optimisation of the Ohmgebirge advancement and development strategy to ensure optimal study and project delivery. We are committed to advancing Ohmgebirge to unlock the full potential for what is a globally significant asset base, with low projected operating costs in a G7 jurisdiction in the heart of Europe. "My immediate focus is leading the South Harz team through the detailed PFS work plan finalisation and delivery optimisation process to ensure we deliver our study and project outcomes cost effectively. With strong established infrastructure proximate to the key European market, the South Harz Project is well positioned to enable rapid economic development across multiple deposits.