Danakali's (ASX:DNK) chairman Seamus Cornelius continues to increase his stake in the company through on-market purchases.
Cornelius purchased 110,000 shares for $25,960, for an average entry price of $0.236. This increased his direct position to 1,515,745 shares.
Cornelius also holds indirect stakes including several lines of options, and another two parcels of shares.
Danakali is focussed on the Colluli Potash Project in Eritrea.
Earlier in the week, the company generated a second chloride free, multi-nutrient potash fertiliser.
This affirms the resource potential of Colluli to produce a broad range of agri-products, including a suite of premium chloride free, multi-nutrient potash types.
High quality sulphate of potash magnesia (potassium magnesium sulphate of SOP-M) was generated from salts within the Colluli resource at the Saskatchewan Research Council (SRC).
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