Highfield Resources (ASX:HFR) wins $6M investment for Muga-Vipasca potash mine construction

Highfield Resources secured a US$6 million ($8.8 million) investment from strategic shareholders EMR Capital, Tectonic, and another institutional investor.

Funds will enable the company to finalise discussions with potential strategic partners and fund debt funding costs, pre-construction costs, and working capital.

The goal is to complete Phase 1 funding and commence construction of the Muga-Vipasca potash mine by early 2024.