Agrimin Limited (ASX:AMN) entered into share sale agreement to acquire Kalium Lakes Potash Pty Ltd and Kalium Lakes Infrastructure Pty Ltd from Kalium Lakes Limited (ASX:KLL) on September 21, 2023. Rob Brauer, Jason Preston and Rob Kirman have been appointed as Receivers and Managers of Kalium Lakes on August 3, 2023. Martin Jones, Matthew Woods and Clint Joseph of KPMG have been appointed as Voluntary Administrators (Administrators) to Kalium Lakes on August 3, 2023, immediately prior to the receivers appointment. The SSA remains subject to several conditions and events being satisfied before the transaction completes including Agrimin raising capital in the coming weeks to fund the transaction and respective Deeds of Company Arrangement being approved by the creditors of each company. On the assumption that all conditions are satisfied, completion of the transaction is anticipated in early November 2023.

Agrimin Limited (ASX:AMN) cancelled the acquisition of Kalium Lakes Potash Pty Ltd and Kalium Lakes Infrastructure Pty Ltd from Kalium Lakes Limited (ASX:KLL) on October 4, 2023.