Sirius announces $500m offering for construction of mine

Sirius Minerals, the company behind major potash mining plans in the North Yorkshire Moors, is offering $500m as part of its stage two financing plans to construct and develop the polyhalite mine.

The proceeds of the offering will be used, together with proceeds from the other elements of the stage two financing, to fund the construction and development of a polyhalite mine in line with project milestones to the point at which the project generates positive operating cash flows.

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