Parkway Minerals
Parkway Minerals (ASX:PWN) aims to extract potassium - for the production of potash - from one of the world's largest greensand deposits.
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Potash West NL shareholders get priority in upcoming float
Potash West NL (ASX:PWN) shareholders will be able to apply for up to five million shares that have been set aside in the upcoming Davenport Resources Ltd (ASX:DAV) initial public offering.
Davenport will look to raise $6 million and be focusing on its South Harz potash project in Germany and high potential Southern Cross Bore iron-oxide copper gold project in the Northern Territory.
Potash West sold its interest in the South Harz project to Davenport during 2015 in exchange for Davenport shares.
Patrick McManus, managing director, commented: ""The listing of Davenport provides the funding to progress the South Harz potash project by drilling identified targets on the Küllstedt licence.
"Planning is in progress for this and we look forward to results in 2017."
Other Parkway Minerals news
- Parkway Minerals granted US patent for its potassium extraction process
2018-05-31 - Parkway Minerals' shares up on back of increase in Davenport Resources' potash resource
2018-04-17 - Parkway Minerals leveraged to growing demand for fertiliser products
2018-03-06 - Parkway Minerals NL samples high grade potash at Lake Barlee
2017-05-30 - Parkway Minerals sees Davenport IPO as rare potash opportunity
2016-12-08
