trending Market Intelligence /marketintelligence/en/news-insights/trending/WczF01ufOOxHJvd0by6LEg2 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

Parkway Minerals to acquire Consolidated Potash

State of the Market: Mining Q1-2020

Mining Exploration Insights - April 2020

Mining Exploration Insights December

Mining Exploration Insights: Dip in gold drilling weighs on results

Parkway Minerals to acquire Consolidated Potash

Parkway Minerals NL entered into a binding term sheet to acquire 97.79% of Consolidated Potash Corp., or CPC, which holds a 15% interest in the Karinga Lakes potash project in Australia's Northern Territory and a 50% stake in a lithium-potash-prospective project in New Mexico.

CPC is also the sole owner of Activated Water Technologies, which owns the aMES brine processing technology, according to an Aug. 5 release.

The company said the acquisition has potential to add value to the project portfolio of its 31%-owned affiliate, Davenport Resources Ltd., and the acquired technology has the potential to improve recoveries and project economics for brine-hosted resource projects.

Parkway will issue about 479.6 million ordinary shares, about 123.3 million partly paid shares and 10 million Davenport Resources shares to CPC shareholders as well as about 10.97 million Parkway shares to CPC's majority vendor, Lions Bay Capital Inc., and 6 million Parkway shares to Victoria University. The company has also agreed to loan CPC up to A$130,000 in working capital.

In connection with the acquisition, CPC Managing Director Bahay Ozcakmak and Western Potash Corp. founder Patrick Power will be appointed to the Parkway board. Natalia Streltslova will retire from the board.