Arcadium shareholders approve $6.7bn sale to Rio Tinto
Shares of Arcadium Lithium rose about 7% in extended trading after the company said that about 98% of its shareholders had voted in favor of the sale.
Vancouver-based Western Potash Corp. (TSX: WPX) announced Wednesday its Milestone project in Saskatchewan received environmental approval from the province.
As a result of the approval, the company can move ahead with financing and construction of the solution potash mine. It plans to begin building the facility mid year.
Milestone’s ore body is expected to produce 2.8 million tonnes per year for more than 40 years. The $2.8 billion project will be operational in 2016.
Western Potash also signed an agreement with the City of Regina to use treated effluent from the urban centre to supply the mine.
Image courtesy Western Potash Corp.
