Highfield Resources (ASX: HFR) chief executive officer Ignacio Salazar joins Small Caps to discuss the company's recent game-changing strategic corporate deal.

The company recently signed a transformative proposed transaction to finance its Muga potash mine in Spain and acquire a potash project (Southey) in Saskatchewan, Canada.

Muga has attracted vital funding interest with the signing of a Letter of Intent for cooperation with Yankuang Energy Group. The proposed transaction would entail the funding of US$220 million of equity capital from strategic investors.

Yankuang Energy intends to provide up to US$90 million to support the cornerstone placement with the other strategic investors providing the rest.

Muga is considered shovel-ready, and Highfield recently signed the contract for the construction of the civil works and the ramps at Muga.

For more information on Highfield Resources:
https://smallcaps.com.au/stocks/asx-hfr/