Highfield Resources lands A$25 million investment for shovel-ready Muga mine

Highfield Resources Ltd (ASX:HFR) has fielded a A$25 million convertible note investment from boutique funders EMR Capital Management and Tectonic Investment Management, building the company’s cash runway as it prepares the low-cost, low-capex Muga potash mine in Spain for construction.

The strategic investment comes soon after Highfield secured its final construction licence for the Spanish potash play, meaning Muga is now fully permitted and ready for action. Once HFR wraps site prep work, it expects to enter fully-fledged construction in the second half of 2023.

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