KLL 0.00% $7.28 kalium lakes limited

In September 2021, the Company significantly progressed...

  1. 390 Posts.
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    In September 2021, the Company significantly progressed negotiations with its lenders to
    restructure its existing senior debt arrangements with its two senior lenders, as announced to
    the market in August 2021 in addition to its plan to expand its SOP production target to
    120ktpa. The debt restructure, combined with the expansion to the 120ktpa SOP production
    rate, will enable the Company to meet its future debt service obligations. The Company
    considers it has reasonable grounds for expecting that, following the execution of the debt
    restructure, the additional funding for the expansion to 120 ktpa can be secured based on the
    ore reserves and mineral resources defined at the Beyondie SOP Project and the various
    assumptions made in the 120ktpa feasibility study

    I assume the debt restructure means no capital raise for expansion?
 
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