Expansion Plans at K+S MinePage #13 of the investors presentation is regarding the K+S Mine and Earth Renew facility on the property. What I am wondering is the following statement – “Significant investment committed and project scheduled for spring of 2022”. What entity has made the commitment ER or K+S or third party financing? What does the commitment consist of and how binding is the commitment? Are there any “Termination” clauses holding one or the other party(s) to a financial penalty if the project falls through? Who is the engineering firm contracted?
So far all I can find is the above information and the initial LOI issued when this announcement was made. The investor presentation states that a 200kT/yr facility is possible yet the LOI states “capacity up to 100kT/yr……which one is correct?
The details all seem to be pretty murky wiith questionable claims and if construction start is Q2 2022 as stated I would expect a flurry of announcements to be forthcoming as this date is quickly approaching. Please share any information on this subject.