THE company planning to build a potash mine near Whitby is looking to raise a minimum of £30 million on the stock market.

Sirius Minerals, the firm behind the York Potash project, said that along with its existing cash resources of £10 million, the proceeds from the share placing will be used to continue the current schedule of work. The stock is being offered at 12 pence while investors will also receive one warrant for every two shares they acquire.