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Salt Lake to supply 50,000 tonnes of sulfate of potash per annum to HELM AG

Salt Lake Potash Ltd. said Dec. 18 that it inked an off-take deal with HELM AG for a 10-year supply of 50,000 tonnes per annum of sulfate of potash from the company's Lake Way project in Western Australia.

This brings Salt Lake Potash's committed sales from Lake Way to 220,000 tonnes per annum, representing 90% of the total planned production for the project.

Shipping from the project is set to commence in 2021.

On Dec. 6, the company said that it has secured binding commitments for a further A$45.5 million of funding for Lake Way.