ASX-listed Kalium Lakes has achieved financial close, allowing the first draw-down on the project debt facilities for its Beyondie sulphate of potash (SOP) project in Western Australia.
Kalium in July this year secured a near $102-million of senior debt funding from KfW IPEX-Bank, as well as A$74-million in senior debt funding from the Northern Australian Infrastructure Facility (NAIF) and a further A$15-million in working capital facilities from Westpac.