South Harz Potash Raises AU$500,000 to Advance Ohmgebirge Development.

South Harz Potash Limited (ASX: SHP) has secured AU$500,000 in new equity through a placement of 50 million shares at AU$0.01 per share to sophisticated investors. Notably, South Harz directors subscribed for AU$149,867 worth of shares, subject to shareholder approval at the upcoming general meeting on 14 April 2025. The raised capital will be used to secure strategic partners, finalize the acquisition of the adjacent Sollstedt mine, optimize project costs, and support working capital needs. 

The placement was managed by Martin Place Group, with a 2% management fee and a 4% selling fee. With a JORC resource of 5.36 billion tonnes across its German potash assets, South Harz continues to advance its Ohmgebirge Project, leveraging existing infrastructure and strong regional advantages in the European market.

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