Harvest Minerals Limited Harvest Relinquishes the Capela Potash Project (7788O)
11 Febrero 2021 - 1:45AM
UK Regulatory
TIDMHMI
RNS Number : 7788O
Harvest Minerals Limited
11 February 2021
Harvest Minerals Limited / Index: LSE / Epic: HMI / Sector:
Mining
11 February 2021
Harvest Minerals Limited ('Harvest' or the 'Company')
Harvest Streamlines Portfolio by Relinquishing the Capela Potash
Project
Harvest Minerals Limited, the AIM listed remineraliser producer,
announces that it has relinquished its exploration license over,
and returned to the National Mining Agency its 100 per cent.
interest in, the Capela Potash Project ("Capela") in Brazil, to
dedicate its resources and to ensure the continued growth
trajectory at its 100% owned revenue generating Arapua Fertiliser
Project ('Arapua' or the 'Project').
No further expenses, which in recent years had been limited to
minimal licence fees, will be incurred by Harvest with respect to
Capela and all remaining obligations under the Capela Potash
Project Agreement (as defined in the Company's AIM Admission
Document) have fallen away.
Brian McMaster, Chairman of Harvest Minerals, comments: "We are
extremely proud of our achievements at the Arapua Fertiliser
Project in such a short period of time, where we have barely tapped
the immediate market potential of the agriculture regions
surrounding the operations. The relinquishment of the Capela Potash
Project releases our resources to ensure that we can focus on
developing Arapua further through strengthening our sales reach and
production efficiency, which we believe should reflect in a healthy
year-on-year increase in sales volumes."
**ENDS**
For further information, please visit www.harvestminerals.net or
contact:
Harvest Minerals Limited Brian McMaster Tel: +44 (0) 203
(Chairman) 940 6625
Strand Hanson Limited James Spinney Tel: +44 (0) 20
Nominated & Financial Ritchie Balmer 7409 3494
Adviser Jack Botros
Shard Capital Partners Damon Heath Tel: +44 (0) 20 7186
Broker 9900
St Brides Partners Ltd I sabel de Salis E : info@stbridespartners.co.uk
Financial PR Beth Melluish
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END
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February 11, 2021 02:45 ET (07:45 GMT)
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