Highfield Resources rises on lease deal to fund Spanish project

Highfield Resources

04/07/2022 01:42

** Minerals explorer Highfield Resources  HFR.AX  rises as
much as 6.7% to A$0.96, its highest since June 10
    ** Says it signed a non-binding indicative term sheet for
23.3 million euros ($24.33 million) for equipment operating
lease facility with a unit of financial conglomerate Macquarie
Group  MQG.AX  (https://bit.ly/3R4PxSL)
    ** Says if executed, facility will provide funding for
Spanish project Muga Potash's various units of underground
mining equipment
    ** Facility in addition to the 312.5 mln euros senior
secured project debt
    ** HFR has outperformed S&P/ASX 200 Materials (Industry
Group) sector  .AXMAJD  by 6.7 percentage points in the past one
month
    ** HFR flat so far this year, as of last close

($1 = 0.9578 euros)

 (Reporting by Sameer Manekar in Bengaluru)
 ((Sameer.Manekar@thomsonreuters.com; Twitter: https://twitter.com/sameer_manekar))