Australian Potash will receive a green loan
Australian Potash announced that they had passed verification for a green loan, which the company plans to use to finance its Lake Wells Potash project (Australia).
Australian Potash previously dug a pilot pond network that includes a large pond for the preconcentration of water solutions of potassium salts and three smaller ponds for precipitation of sodium, magnesium and potassium salts. The company has already obtained a test batch of three tons.
Australian Potash intends to build a full-fledged plant with a capacity of 150 thousand tons of potassium sulfate per year in the first five years of operation, with a subsequent increase to 300 thousand tons.