South Harz Potash quarterly activities update

South Harz Potash (ASX:SHP) has released its quarterly activities report for the period ending 30 September 2024. The company is making strides in its Ohmgebirge Project, focusing on the due diligence for acquiring the Sollstedt mine property. The exclusivity period for this acquisition has been extended to February 2025. Meanwhile, the company is exploring non-dilutive funding options and strategic funding pathways for a Definitive Feasibility Study.

South Harz Potash quarterly activities and future outlook

South Harz Potash (ASX:SHP) is advancing its Ohmgebirge Project with an extended exclusivity period for the Sollstedt mine property acquisition until February 2025. The company is actively engaging in due diligence and negotiations for this acquisition while exploring non-dilutive funding options, including tax rebates and grants. Strategic pathways for a Definitive Feasibility Study are being assessed to ensure the project's progress. The company successfully raised over A$2.0 million to support ongoing project work and the acquisition. Directors' participation in the capital raising highlights confidence in the company's initiatives. Looking forward, South Harz Potash is focused on optimizing costs and exploring additional funding and strategic partnerships to ensure the viability of its long-term projects. The company's strategic position in Germany is pivotal for serving the European market with its substantial potash resources.

Executive insights on South Harz Potash's progress

We are pleased with the progress of our Ohmgebirge Project and the extended exclusivity period for the Sollstedt acquisition. Our focus on non-dilutive funding options and strategic pathways continues to be a priority as we move towards a Definitive Feasibility Study.