Qinghai Salt Lake terminates $300m Highfield Resources acquisition

Qinghai Salt Lake Industry Co terminated its planned $300 million investment to acquire a controlling stake in Highfield Resources Limited, originally announced in May 2025.

The Chinese company intended to become the largest shareholder in Highfield Resources and gain control of the Southey Potash Mine and Muga projects through the share subscription.

Following due diligence, Qinghai Salt Lake determined conditions for the project cooperation were not mature enough to proceed.