“The additional equity funding from our cornerstone shareholder will enable us to continue its value project development activities."
The net proceeds will principally be used for the continuation of project development workstreams comprising the detailed design for the mine.
The Moroccan Ministry of Energy, Mines and the Environment has awarded potash developer Emmerson a mining licence for its 100% owned Khemisset potash project.
Morocco-focused potash developer, Emmerson, is advancing multiple workstreams at its 100%-owned Khemisset potash project in Northern Morocco, to further de-risk the project as it works towards its delivery.
AIM and TSXV-listed Altus Strategies has reached key milestones in the development of its 100%-owned Agdz silver and copper project in Morocco.
"This enables us to continue making progress on preparing the Khemisset potash project for detailed design and engineering and, ultimately, construction."