Salt Lake Potash Secures A$20.2Mln To Fund Potash Project Construction

Salt Lake Potash Ltd (ASX:SO4) (LON:SO4) has received binding commitments to place A$20.25mln worth of shares priced at 54 cents each.

Funds will go towards ongoing construction of the Lake Way Project which commenced in March 2019.

This includes the development of on-lake infrastructure, the payment of deposits on certain process plant long-lead items, completion of feasibility studies, and general working capital.