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Potash player draws down Hancock funds

AIM-listed Sirius Minerals and Gina Rinehart's Hancock Prospecting have agreed to a drawdown on the US$250 million royalty component of the minerals royalty deed agreed two years ago.

Staff reporter
The royalty drawdown funds will provide Sirius with liquidity until the June 2019 quarter

The royalty drawdown funds will provide Sirius with liquidity until the June 2019 quarter

Hancock agreed to invest $300 million in Sirius in October 2016, including $250 million for a 5% gross revenue royalty on the first 13 million tonnes per annum of sales from the Woodsmith polyhalite mine...

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