Highfield Resources (HFR) AGM 2025 Presentation summary

Leadership and management

• New CEO Carles Aleman brings over 30 years of international leadership in chemicals and mining, with prior roles at BASF, CIBA-GEIGY, and ICL Iberia.

• Board and management team have deep experience in mining, finance, and corporate strategy, with backgrounds at major global firms.

Strategic partnerships and financial developments

• Signed a non-binding LOI with Qinghai Salt Lake Industry (China Minmetals) for a $300M equity subscription, aiming to make them the largest shareholder and accelerate project growth.

• EMR Capital provided a €1.15M stand-by loan facility and extended convertible loan notes, supporting working capital and transition.

• Ongoing negotiations with Yankuang Energy and Qinghai Salt Lake to secure long-term strategic partnerships and funding.

Project overview and competitive advantages

• Muga Potash Mine in Spain is fully permitted, shovel-ready, and targets €340M annual EBITDA at full production.

• Project features low technical risk, shallow mineralization, and excellent infrastructure with direct access to ports and renewable grid power.

• Location offers significant logistical advantages, with proximity to European markets and lower delivery costs, supporting high netbacks.