With Westerns struggles securing financing on a project 80% complete, makes me wonder if junior potash players looking to secure large financing to accomplish the same goal will be faced with the similiar conditions as Western has now run into.
"Western Potash then began negotiations with other investors. But they made financing conditional on the company proving its technology by developing the caverns of the mine, according to the letter. "
https://leaderpost.com/news/saskatchewan/china-owned-potash-company-owes-sask-contractors-millions