Agrimin Limited & Argonaut
Argonaut acted as Joint Lead Manager to successfully raise $8.25 million for Agrimin Limited at an issue price of $0.55 per share by way of a placement (“Placement”) in 2019 to fund the company’s flagship Mackay Potash Project which contains the world’s largest known Mineral Resources of brine-hosted SOP used in sustainable organic food production. The Placement was underpinned by strong support from institutional and sophisticated investors, which resulted in the capital raising being significantly oversubscribed.
Agrimin Limited (ASX:AMN) is a minerals company focused on the production of Sulphate of Potash (SOP) from Lake Mackay in Western Australia. They operate in alignment with the United Nations Sustainable Development Goals and is committed to fostering a strong working relationship with traditional landowners and improving communities by creating employment opportunities for Indigenous and local people.