ASX-listed Highfield Resources rises on $329 mln funding for potash project

Highfield Resources

04/05/2022 03:15

** ASX-listed shares of potash explorer Highfield Resources
 HFR.AX  jump as much as 10.2% to A$1.135, their best intraday
session since April 8 
    ** Says it has secured a 312.5 mln euros ($329 mln) of
financing in the form on debt facilities to fund its Muga Potash
Project in Spain  urn:newsml:reuters.com:*:nASX7GD1zf 
    ** Debt facilities secured from some European banks,
including BNP Paribas SA, ING Bank NV
    ** Funding will cover a "significant portion" of the
pre-production investment needed to complete the first phase
construction of Muga 
    ** Highfield stock up 14.4% YTD, as of last close 
    

($1 = 0.9498 euros)

 (Reporting by Harshita Swaminathan)
 ((Harshita.Swaminathan@thomsonreuters.com))