Danakali Limited (AU:DNK) has released an update.
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Danakali Limited has announced a further cash distribution of $7.4 million to shareholders, with total funds distributed now at $162 million, following the sale of its stake in the Colluli Potash project. The company is actively exploring new project opportunities in Eritrea and Saudi Arabia, focusing on sectors including gold, copper, and battery metals, while also evaluating its potential re-listing on the ASX. Danakali is committed to capital preservation, cost reduction, and leveraging its regional experience to tap into the burgeoning minerals market in Saudi Arabia and Africa.
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