South Harz Potash Limited has provided an update on its capital raising efforts designed to drive its dual asset strategy over the next 12 months. The company previously announced plans to secure up to A$3.11 million through an equity raise involving two tranches. The latest development sees the launch of a pro-rata, non-renounceable entitlement issue on 30 June 2025. Under this offer, shareholders registered by 5:00 pm AWST on 3 July 2025 will receive one new share for every three shares held at an issue price of A$0.003 per share, along with one free option for every two new shares at a set exercise price of A$0.006 per share, valid for two years. The entitlement deal is intended to raise up to approximately A$1.28 million before costs, with the directors committing to acquire their full entitlements, adding further funds to the process. In addition to the rights issue, the Board has confirmed that a General Meeting will be scheduled in the coming weeks to secure shareholder approval for the second tranche of the placement and an upcoming share consolidation. Beyond these traditional equity financing measures, South Harz Potash Limited is also actively pursuing non-dilutive funding opportunities. The company is progressing with the second stage of a German R&D tax rebate application, anticipated to result in a potential cash refund of between A$400,000 and A$500,000 during the fourth quarter of 2025. Meanwhile, an application submitted to the European Raw Materials Alliance for funding did not succeed, as potash was not classified as a European Union critical raw material, though efforts to secure future EU support are set to continue. The company’s strategic focus includes the advancement of its flagship South Harz Potash Project, located in Germany’s historic South Harz Potash District, and the pursuit of a second mineral asset. With technical highlights such as an indicated resource of 258 million tonnes at 13.2% K2O and significant inferred resources, South Harz Potash Limited aims to leverage its portfolio of mining and exploration licences to support its long-term growth. Bullish sentiment stems from the proactive capital raising measures and the directors’ commitment to the funding process, suggesting confidence in the project’s potential. The successful receipt of the Spatial Planning Assessment for a key development and progress on non-dilutive funding through R&D tax rebates further bolster the company’s outlook. Conversely, caution is warranted for those concerned about potential dilution from the rights issue and uncertainties tied to the unsuccessful ERMA application, which underscores the inherent challenges when seeking diversified funding streams in the competitive European resource sector.