Highfield Resources agrees term sheet for €312.5 million senior secured project financing package

Highfield Resources Ltd (ASX:HFR) has agreed on a non-binding indicative term sheet with a group of European mining finance lenders resulting in an overall package for €312.5 million to finance the construction of its 100% owned Muga Potash Project in Spain.

A senior secured project financing package will cover a significant portion of the pre-production investment required to complete the Phase I construction of Muga.

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