https://www.miningweekly.com
PROJECT
PROJECT
project

Reward’s capital raise to buy Beyondie falls through

The Beyondie mine in Western Australia

The Beyondie mine in Western Australia

19th February 2024

By: Mariaan Webb

Creamer Media Senior Deputy Editor Online

     

Font size: - +

ASX-listed Reward Minerals has withdrawn a A$22.8-million rights issue, announced last month, to fund the acquisition of the Beyondie potash of sulphate (SoP) project, in Western Australia.

The company said late on Friday that its board had resolved to withdraw the entitlement offer.

“The share and sale agreement with the receivers and managers of Kalium Lakes to acquire the Beyondie SoP project remains on foot,” Reward said, noting that it was in discussions with the receivers regarding an alternative proposal to acquire the potash project.

The Receivers of Kalium Lake started negotiations with Reward in November last year, having been forced back to the drawing board after Agrimin terminated a share sale agreement for the struggling potash company.    

Edited by Creamer Media Reporter

Comments

Showroom

Booyco Electronics
Booyco Electronics

Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...

VISIT SHOWROOM 
Alco-Safe
Alco-Safe

Lion Alcoblow ® - High speed breathalyser

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 31 May 2024
Magazine round up | 31 May 2024
31st May 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.317 0.366s - 89pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: