Sale funds for FYI’s potash strategy

Note* - All images used are for editorial and illustrative purposes only and may not originate from the original news provider or associated company.

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from any location or device.

Media Packs

Expand Your Reach With Our Customized Solutions Empowering Your Campaigns To Maximize Your Reach & Drive Real Results!

– Access the Media Pack Now

– Book a Conference Call

– Leave Message for Us to Get Back

Related stories

Western Australia Iron Ore Discovery Reshapes Global Market

Western Australia is now the world's biggest iron ore...

Africa Gold Mines: Second Largest Acquires Yatela, Morila

The Yatela and Morila gold mines were formally taken...

Africa Rail Infrastructure Powers Mineral Trade Growth

Africa rail Infrastructure is getting a new lease of...

US Eyes Rubaya Mine in Congo for Coltan Reserves

In a recent move, the Democratic Republic of Congo...

FYI Resources says the $1 million proceeds from the sale of a property in Western Australia will provide sufficient near-term funding for its working capital requirements in continuing the development of its South East Asian potash strategy.

The ASX-listed company is now focusing on potash and has recognized the potential for these deposits in Thailand and Laos. FYI’s potash focus has come about following an extensive global review of suitable new projects and commodities.

Potash is the common term used for a group of potassium minerals used principally as agricultural fertilizers. FYI’s market analysis reinforces the view that increasing human populations will lead to higher sustained demand for potash minerals to help boost food production, yield, quality and taste of produce.

FYI has received $1 million following settlement of the sale of the non-core asset at Baldivis in WA. This is an undeveloped 7.11 hectare rural property that was a remnant asset acquired by FYI when it was operating under a previous business strategy.

Latest stories

Related stories

Western Australia Iron Ore Discovery Reshapes Global Market

Western Australia is now the world's biggest iron ore...

Africa Gold Mines: Second Largest Acquires Yatela, Morila

The Yatela and Morila gold mines were formally taken...

Africa Rail Infrastructure Powers Mineral Trade Growth

Africa rail Infrastructure is getting a new lease of...

US Eyes Rubaya Mine in Congo for Coltan Reserves

In a recent move, the Democratic Republic of Congo...

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from any location or device.

Media Packs

Expand Your Reach With Our Customized Solutions Empowering Your Campaigns To Maximize Your Reach & Drive Real Results!

– Access the Media Pack Now

– Book a Conference Call

– Leave Message for Us to Get Back