Highfield Resources secures equity agreements to fund Muga potash project development

Highfield Resources’ (ASX: HFR) has signed equity agreements with Yankuang Energy Group, Beijing Energy International and Singapore Taizhong Global Development to deliver the remaining funding for Phase 1 development of its Muga potash project in Spain.

The agreements comprise a cornerstone placement of US$220 million as well as Highfield’s US$286m inter-conditional acquisition of Yankuang subsidiary Yancoal Canada Resources, which owns the Southey potash project in Canada.

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