BSOPPBallooning Society of Pikes Peak (Colorado)
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The new tenement is strategically located adjacent to the Company's current BSOPP Mining Leases, processing facilities and infrastructure, allowing future potential to extend trench and bore network for brine extraction.
'This provides for future upside to the already compelling BSOPP which Kalium Lakes is now developing with first production expected at the end of next year,' he said.
Kalium Lakes is undertaking the Offer to fund (in conjunction with the Loan Facilities) the construction of the BSOPP and to provide anticipated working capital until first production.