Reward Minerals seeks shareholder approval

Reward Minerals (ASX:RWD), an advanced-stage sulphate of potash exploration and development company, has announced a shareholder meeting to approve the acquisition of the Beyondie Potash Plant. The meeting will be held on 16 December 2024. Shareholders will receive a proxy form to vote on key resolutions, including the acquisition approval.

Summary of shareholder meeting announcement

Reward Minerals (ASX:RWD) is preparing for a significant shareholder meeting set for December 2024 to discuss and vote on the acquisition of the Beyondie Potash Plant. This acquisition is part of Reward Minerals' strategic efforts to expand its potash operations. The independent expert report attached to the Notice of Meeting has deemed the transaction fair and reasonable, boosting confidence among shareholders. Additionally, shareholders will also vote on whether Executive Director Dr. Michael Ruane can participate in a share placement that aims to raise $2.3 million. This move aligns with Reward Minerals' goal to enhance its financial position and support its innovative processing technology development. The company continues to focus on its flagship Carnarvon Potash Project and is actively pursuing advancements in potash extraction technology.

Executive commentary on acquisition

An independent expert report has judged the transaction as fair and reasonable for shareholders.