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An update from Keras Resources ( (GB:KRS) ) is now available.
Keras Resources has provided a corporate update on its operations in the US and Togo. In Utah, the Falcon Isle subsidiary is progressing well with its phosphate production, planning to increase inventory by 5,000 tons to meet winter demand. Meanwhile, the Nayéga manganese mine in Togo has completed recommissioning and is ramping up production, with plans to increase processing capacity. The company expects cash flow from Nayéga to support its US operations and aims to become cash flow positive soon. This strategic growth is expected to enhance Keras’s positioning in both the organic and conventional fertilizer markets.
More about Keras Resources
Keras Resources plc is a mining company listed on AIM, focusing on high-grade organic phosphate and manganese mining operations. The company owns the Diamond Creek organic rock phosphate mine in Utah, USA, which is a fully integrated operation producing a variety of organic phosphate products. Keras is committed to expanding its market share in the US organic fertilizer market and aims to establish Diamond Creek as the leading organic phosphate producer in the country.
Average Trading Volume: 178,315
Technical Sentiment Signal: Sell
Current Market Cap: £1.29M
See more data about KRS stock on TipRanks’ Stock Analysis page.