Harvest Relinquishes the Capela Potash Project

RNS Number : 7788O

Harvest Minerals Limited

11 February 2021

 

Harvest Minerals Limited / Index: LSE / Epic: HMI / Sector: Mining

11 February 2021

Harvest Minerals Limited ('Harvest' or the 'Company')

Harvest Streamlines Portfolio by Relinquishing the Capela Potash Project

Harvest Minerals Limited, the AIM listed remineraliser producer, announces that it has relinquished its exploration license over, and returned to the National Mining Agency its 100 per cent. interest in, the Capela Potash Project ("Capela") in Brazil, to dedicate its resources and to ensure the continued growth trajectory at its 100% owned revenue generating Arapua Fertiliser Project ('Arapua' or the 'Project'). 

No further expenses, which in recent years had been limited to minimal licence fees, will be incurred by Harvest with respect to Capela and all remaining obligations under the Capela Potash Project Agreement (as defined in the Company's AIM Admission Document) have fallen away.  

Brian McMaster, Chairman of Harvest Minerals, comments: "We are extremely proud of our achievements at the Arapua Fertiliser Project in such a short period of time, where we have barely tapped the immediate market potential of the agriculture regions surrounding the operations. The relinquishment of the Capela Potash Project releases our resources to ensure that we can focus on developing Arapua further through strengthening our sales reach and production efficiency, which we believe should reflect in a healthy year-on-year increase in sales volumes."

**ENDS**

For further information, please visit  www.harvestminerals.net  or contact:

Harvest Minerals Limited	Brian McMaster (Chairman)	Tel: [phone]
Strand Hanson Limited Nominated & Financial Adviser	James Spinney Ritchie Balmer Jack Botros	Tel: [phone]
Shard Capital Partners Broker	Damon Heath	Tel: [phone]
St Brides Partners Ltd Financial PR	I sabel de Salis Beth  Melluish	E : [e-mail]

 

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