Argonaut served as an Advisor in successfully raising US$138 million to finance a debt transaction for Salt Lake Potash Limited in 2021. In 2018, Argonaut acted as Joint Lead Manager to successfully raise $13.0 million for Salt Lake Potash Limited via a Placement at an issue price of $0.42 per share to fund the development of on-lake infrastructure and exploration at the Lake Way Sulphate of Potash Project in Wiluna. Argonaut also raised an A$8.4 million Placement to accelerate development initiatives at the Lake Wells Sulphate of Potash in 2016. All Placements were oversubscribed by shareholders as well as new institutional and sophisticated investors across Australia, Asia and the United Kingdom.
Salt Lake Potash Limited (ASX:SO4) is an exploration and development company focused on the sustainable production of Sulphate of Potash (SOP) from the Goldfields region of Western Australia. Through solar evaporation of Lake Brines, the Company produces and exports premium-quality, sustainably-produced Sulphate of Potash used as fertilizer for organic food.
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