Highfield Resources lands fresh funding, advances China Minmetals-backed potash deal

Highfield Resources Ltd has taken a major step in its push for globally diversified potash production, signing a US$300 million letter of intent with China’s largest potash producer and securing further financial backing from strategic investor EMR Capital.

In a flurry of developments unveiled this week, Highfield announced a non-binding letter of intent (LOI) for cooperation with Qinghai Salt Lake Industry Co. Ltd, a subsidiary of China Minmetals Corporation.

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