ASX-listed Salt Lake Potash (SO4), which went insolvent almost a year ago (GM Oct. 22, 2021) may be close to finding an offshore buyer, according to a Sept. 6 report by the Australian Financial Review.
The company had hoped to be Australia’s first sulfate of potash (SOP) producer with its Lake Way project in Western Australia, however, mounting debt and a delayed ramp-up eventually caused creditors to take over.