trending Market Intelligence /marketintelligence/en/news-insights/trending/obxn0IZsKQYKXJ-EMFhcBQ2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Salt Lake Potash secures US$180M to finance Lake Way potash project

Mining Exploration Insights December

Mining Exploration Insights: Dip in gold drilling weighs on results

Mining Exploration Insights: Is the exploration sector back on recovery?

State of the Market: Mining Q2-2019

Salt Lake Potash secures US$180M to finance Lake Way potash project

Salt Lake Potash Ltd. said Aug. 5 that it secured US$180 million in debt financing to advance its Lake Way potash project in Western Australia.

Early construction works at Lake Way will be paid off through a stage-one funding of US$30 million obtained by the Australia-listed explorer. The first drawdown of the facility is expected to be available in the third quarter.

Meanwhile, the project development financing was acquired through a further US$150 million stage-two funding from Taurus Funds Management.

The staged financing deal allows for Salt Lake to pay for the A$10 million tenement acquisition from Blackham Resources Ltd. and advance a bankable feasibility study, which is due for delivery in the September quarter.

A scoping study for a commercial scale sulfate of potash development at Lake Way outlined posttax net present value, discounted at 8%, of A$381 million and a 27% internal rate of return.