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- Highfield Resources (HFR) receives mining concession approval for its Muga Potash Project in Spain
- The mining concessions includes Fronterizo, Muga and Goyo and were approved by three administrations in Madrid, Aragón and Navarra
- Highfield will now focus on preparing for construction at Muga
- On the market, Highfield is up 6.04 per cent and trading at 79 cents per share
Highfield Resources (HFR) has received mining concession approval for its Muga Project.
The mining concessions includes Fronterizo, Muga and Goyo and were approved by three administrations in Madrid, Aragón and Navarra.
Following this approval, Highfield will now focus on preparing for construction at Muga. While this preparation has been progressing in the last few months, the company can now speed up key pre-construction activities.
Muga is an upcoming potash project located near Pamplona, Spain.
CEO Ignacio Salazar is delighted to receive the grant of the mining concession.
“This is a massive step for the project which allows us to prepare construction. On behalf of the Highfield Board, I would like to thank our shareholders for their continued support during this challenging period.
“I would also like to thank our staff and the Administrations for their tireless work in reaching this significant milestone. Muga is a unique project and has the potential to deliver great benefits to all our stakeholders. We look forward to progressing the Muga Project into construction.”
Upon receiving the initial notification of these approvals, Highfield applied for a trading halt to manage its disclosure obligations.
However, company shares are now out of the halt and was up 6.04 per cent and trading at 79 cents per share at 11:31 am AEST.
