Kalium Lakes terminates Share Sale Agreement with Reward

Kalium Lakes Limited (ASX: $KLL) has terminated the Share Sale Agreement (SSA) with Reward as Reward was unable to secure sufficient funding to complete the agreement. This has led to the expectation of liquidation for Kalium Lakes Potash Pty Ltd and Kalium Lakes Infrastructure Pty Ltd.

Executive Commentary on Termination of Share Sale Agreement

The termination of the Share Sale Agreement with Reward is regrettable, but given the inability of Reward to secure the necessary funding, it was the only viable option for Kalium Lakes. We are now focused on managing the transition and ensuring the best possible outcome for all stakeholders involved.

Summary of Termination of Share Sale Agreement and Outlook

Kalium Lakes (ASX: $KLL) has terminated the Share Sale Agreement with Reward due to Reward's inability to secure sufficient funding. This has resulted in the expectation of liquidation for Kalium Lakes Potash Pty Ltd and Kalium Lakes Infrastructure Pty Ltd. The company is committed to managing the transition effectively and aims to secure the best possible outcome for all stakeholders. Shareholders and creditors are advised to refer to the provided contact details for further information.