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Sirius Minerals sets out two-stage funding plan

UK polyhalite project developer Sirius Minerals has pinned its hopes on a new two-stage financing plan, under which it will seek to raise US$600 million by March and $2.5 billion later. With Qatari investors possible backers, but UK government support lagging, the project’s development prospects are still in the balance.

Sirius Minerals sets out two-stage funding plan Sirius Minerals sets out two-stage funding plan Sirius Minerals sets out two-stage funding plan Sirius Minerals sets out two-stage funding plan Sirius Minerals sets out two-stage funding plan

Sirius Minerals management hoping investors will find the focus on a lower capital expenditure to reach production more palatable