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Highfield Resources continues to negotiate Muga Potash Mine phase 1 capital funding

June 25, 2024

Highfield Resources Ltd (ASX:HFR) continues to advance pre-development activities for the Muga Potash Mine in northern Spain and is progressing negotiations for the remaining funding to begin phase 1 construction.

Potash is a critical component of fertilisers, enabling much higher crop yields across arable land and reducing food insecurity globally.

The Muga Project is fully permitted and construction-ready, strategically located in the middle of European markets, which lost easy access to Ukrainian, Belarussian and Russian sources of fertiliser, some of the biggest producers in the global market.

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