Sulphate of potash (SOP) developer Kalium Lakes has welcomed equity investment firm Greenstone Resources as a cornerstone investor, following a A$20.8-million investment.
Kalium Lakes on Wednesday told shareholders that it would issue more than 47.3-million shares to Greenstone, at a price of 44c each, to raise the capital. The investment would result in Greenstone holding a 19.9% interest in Kalium Lakes.