TIDMHMI

RNS Number : 7788O

Harvest Minerals Limited

11 February 2021

Harvest Minerals Limited / Index: LSE / Epic: HMI / Sector: Mining

11 February 2021

Harvest Minerals Limited ('Harvest' or the 'Company')

Harvest Streamlines Portfolio by Relinquishing the Capela Potash Project

Harvest Minerals Limited, the AIM listed remineraliser producer, announces that it has relinquished its exploration license over, and returned to the National Mining Agency its 100 per cent. interest in, the Capela Potash Project ("Capela") in Brazil, to dedicate its resources and to ensure the continued growth trajectory at its 100% owned revenue generating Arapua Fertiliser Project ('Arapua' or the 'Project').

No further expenses, which in recent years had been limited to minimal licence fees, will be incurred by Harvest with respect to Capela and all remaining obligations under the Capela Potash Project Agreement (as defined in the Company's AIM Admission Document) have fallen away.

Brian McMaster, Chairman of Harvest Minerals, comments: "We are extremely proud of our achievements at the Arapua Fertiliser Project in such a short period of time, where we have barely tapped the immediate market potential of the agriculture regions surrounding the operations. The relinquishment of the Capela Potash Project releases our resources to ensure that we can focus on developing Arapua further through strengthening our sales reach and production efficiency, which we believe should reflect in a healthy year-on-year increase in sales volumes."

**ENDS**

For further information, please visit www.harvestminerals.net or contact:

 
 Harvest Minerals Limited   Brian McMaster     Tel: +44 (0) 203 
                             (Chairman)         940 6625 
 
 Strand Hanson Limited      James Spinney      Tel: +44 (0) 20 
  Nominated & Financial      Ritchie Balmer     7409 3494 
  Adviser                    Jack Botros 
 
 Shard Capital Partners     Damon Heath        Tel: +44 (0) 20 7186 
  Broker                                        9900 
 
 St Brides Partners Ltd     I sabel de Salis   E : info@stbridespartners.co.uk 
  Financial PR               Beth Melluish 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

UPDGRGDDSXBDGBB

(END) Dow Jones Newswires

February 11, 2021 02:45 ET (07:45 GMT)