6th Oct 2015 09:13
LONDON (Alliance News) - Harvest Minerals Ltd on Tuesday said it completed some "major steps towards its progression to become a Brazilian-based fertilizer producer" in the quarter to end-September, following its listing on AIM last month.
Harvest Minerals was admitted to AIM in early September. It said that, as part of its listing process, it completed the sale of its shareholdings of "less than a marketable parcel", and sold its Azul tin asset in Brazil to focus on its fertilizer assets.
The company is planning to undertake further resource definition work at its Sergi Potash project. Following a potash discovery at its Arapua project, Harvest Minerals is focusing on Arapua's potential to develop a direct-application natural fertilizer product.
"Harvest has come a very long way in a very short time. The company told the market it intended to list in London and pursue its assets with vigour and to date it has met every deadline and expectation. The board and management look forward to continuing to deliver for shareholders in the next quarter and beyond," said Executive Chairman Brian McMaster in a statement.
Shares in Harvest Minerals were down 0.6% at 0.795 pence Tuesday.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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