South Harz Potash successfully raises additional funds

South Harz Potash Limited (ASX: $SHP) has raised a further A$496,915 through the placement of the shortfall from its recently completed Entitlement Offer. The funds will be directed towards the completion of the Pre-Feasibility Study (PFS) on South Harz's flagship Ohmgebirge Potash Development, which is on schedule for finalization during early Q2 2024.

Update on Deusa discussions and future prospects

South Harz Potash is in advanced commercial discussions with Deusa regarding long-term shaft and infrastructure access and utilization. The company remains committed to progressing these discussions and is optimistic about the potential collaboration with Deusa.

Outlook for South Harz Potash

South Harz Potash has successfully raised additional funds through the placement of the Entitlement Offer shortfall, demonstrating investor confidence in the company's projects. The proceeds will support the completion of the Pre-Feasibility Study for the Ohmgebirge Potash Development, a significant milestone for the company. Furthermore, the ongoing discussions with Deusa indicate potential opportunities for collaboration, which could enhance the company's long-term prospects. South Harz Potash continues to focus on responsible potash business growth in Germany, leveraging its strategically located project and established infrastructure.