Kalium Lake’s sale to complete by mid-March

20th February 2024

By: Mariaan Webb

Creamer Media Senior Deputy Editor Online


Font size: - +

Defunct potash company Kalium Lakes said on Tuesday that its receivers expect the sale transaction with Reward Minerals to conclude by the middle of next month.

In a statement to the ASX, Kalium stated that receivers Rob Brauer, Jason Preston and Rob Kirman were working with Reward to amend the share sale agreement and deed of company arrangement for the proposed sale of Kalium Lake Potash and Kalium Lake Infrastructure.

These amendments were to reflect that completion of the transaction might no longer rely on Reward’s entitlement offer.

Reward on Friday said its board had resolved to withdraw its A$22.8-million entitlement offer, which was announced last month to fund the acquisition of the Beyondie potash of sulphate project, in Western Australia.

Reward stressed, however, that the SSA with the receivers and managers of Kalium Lakes to acquire the Beyondie project remained on foot.

The receivers of Kalium Lake started negotiations with Reward in November last year, having been forced back to the drawing board after Agrimin terminated a share sale agreement for the struggling potash company.    

Edited by Creamer Media Reporter


The content you are trying to access is only available to subscribers.

If you are already a subscriber, you can Login Here.

If you are not a subscriber, you can subscribe now, by selecting one of the below options.

For more information or assistance, please contact us at

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?