25th Oct 2013 07:48
LONDON (Alliance News) - Sirius Minerals PLC Friday said its subsidiary York Potash Limited has completed the purchase of the Dove's Nest Farm site in Whitby, UK.
The UK-based potash miner said the completed sale totals approximately 100 acres of freehold ownership and includes farm buildings, a farmhouse and three separate holiday accommodation units as part of its York Potash Project.
Sirius Minerals said the sale has been completed under fair-market terms but didn't disclose the price paid.
The company said the farm will remain occupied and operational in advance of the approvals process being completed for the project. The farm is the site of the proposed shafts and sub-surface processing buildings for the mining project.
Sirius Minerals shares were up 0.20 pence to 8.60 pence in early trading Friday.
By Tom McIvor; [email protected]; @TomMcIvor1
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