Reuters reported that Karnalyte Resources has secured a $45 million investment from an Indian company which will give levrage for the company to compete with some of the world’s biggest producers.
As quoted in the market report:
Gujarat State Fertilizers & Chemicals Limited, an Indian farm business that makes fertilizer and industrial products, will buy a nearly 20 percent stake in Karnalyte for C$45 million ($45.5 million), or C$8.15 per share.
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