logo-loader
Salt Lake Potash Ltd

Salt Lake Potash non-executive director makes $300,000 share purchase

Construction has commenced on Australia’s first salt-lake brine SOP production operation.

blurred man in street
Shares in the company are up around 30% year to date, last priced at 59 cents

Salt Lake Potash Ltd (ASX:SO4) non-executive director Matthew Syme, its former chief executive officer, has acquired 750,000 shares in the company for $300,000.

The transaction came about through the exercise of incentive options priced at 40 cents and increases Syme’s holding in the company to 5.25 million shares.

READ: Construction now underway at Salt Lake Potash’s Lake Way project

Salt Lake Potash is the owner of nine large salt lakes in the Northern Goldfields Region of Western Australia.

The immediate focus is on the rapid development of the Lake Way Project, intended to be the first salt-lake brine sulphate of potash (SOP) production operation in Australia.

Construction commenced in March 2019 on Australia’s first commercial scale on-lake evaporation ponds.

The construction of the initial Lake Way Ponds is on track to be completed by the end of the current June quarter.

Quick facts: Salt Lake Potash Ltd

Price: 45.5 GBX

Market: AIM
Market Cap: £116.47 m
Follow

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Salt Lake Potash Ltd named herein, including the promotion by the Company of Salt Lake Potash Ltd in any Content on the Site, the Company...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Investor Update: Salt Lake Potash unveils 'outstanding' BFS for its Lake Way...

Headlines from the Proactive UK newsroom. A Bankable Feasibility Study (BFS) has valued Salt Lake Potash’s (LON:SO4) Lake Way project at £259mln based on production of 245,000t per year. Oil rig contractor ADES (LON:ADES) has won its second deepwater drilling campaign in the Egyptian...

1 week, 2 days ago

2 min read