American Salars Closes Acquisition of K20 Minerals and Lake Throssell Potash Project
Bitget2026/10/23 08:45- American Salars completed its acquisition of 1269280 WA and its subsidiary K20 Minerals on October 23, 2026.
- K20 owns the Lake Throssell sulphate of potash project in Western Australia, covering approximately 296 square kilometers, subject to a 4% royalty.
- Consideration totals 5,100,000 common shares; 2,550,000 were issued at closing at a deemed price of $0.17 per share.
- The remaining 2,550,000 common shares are due 14 months after closing.
- A non-refundable initial payment of AUD 87,450 for tenement maintenance has also been paid.
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