Western Potash received the second tranche of the $41.6M loan
Aerial view of potash evaporation ponds in the Moab area in western Utah.
On Monday, it was reported that Western Potash received the second tranche of a $41.6 million loan from Appian Capital Advisory. The terms of the agreement were published in the company’s press-release.
The company will use the second tranche of the loan to complete the project and continue the development of optimizing the extraction of natural resources. The construction of the plant is scheduled to be completed in May 2023. The first products should be produced in December 2023.
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