Mining Weekly reported that African Potash is set to acquire an indirect 70% interest in La Societe des Potasses et des Mines (SPM), for exploration rights for potash salts over the Lake Dinga project in the DRC.
As quoted in the market report:
The Lake Dinga project is surrounded by numerous potash development projects including the Sintoukola potash project, owned by Elemental Minerals and the Mengo potash project, owned by Evergreen Resources.
Potash West NL (ASX:PWN,OTCPINK:PWNNY) dominates mineral tenure in Western Australia, one of the world’s largest glauconite deposits, with 12 exploration licenses and applications covering an area of more than 2,600 km2.
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