tiprankstipranks
Reward Minerals Completes Funding and Potash Plant Acquisition
Company Announcements

Reward Minerals Completes Funding and Potash Plant Acquisition

Reward Minerals Limited (AU:RWD) has released an update.

Don't Miss Our Christmas Offers:

Reward Minerals Limited has successfully completed the second tranche of its $2.3 million placement, bringing in $0.6 million from shares and options issued to Executive Director Dr. Michael Ruane. This financial boost comes as shareholders also approved the acquisition of the Beyondie Potash Plant, positioning the company to potentially lead in cost-efficient potash production by leveraging new and existing projects in Western Australia. With this strategic move, Reward is set to enhance its operations and explore integrating new potash projects with its solar salt operations.

For further insights into AU:RWD stock, check out TipRanks’ Stock Analysis page.

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App