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Keras Resources Expands Operations and Increases Phosphate Sales in 2024

Story Highlights
  • Keras Resources increased PhosAgri Organic sales by 15% and acquired a new processing hub.
  • The company completed a new granulator plant, enhancing production and market position.
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Keras Resources Expands Operations and Increases Phosphate Sales in 2024

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Keras Resources ( (GB:KRS) ) has provided an announcement.

Keras Resources PLC announced its final results for 2024, highlighting a 15% increase in sales of its PhosAgri Organic phosphate product and the acquisition of a new processing hub in Utah. The company has completed the construction of a new granulator plant, enhancing its production capabilities and positioning it as the only fully independent organic rock phosphate producer in North America. Despite reporting a financial loss, Keras has restructured its finances and is focused on expanding its market share in the US organic fertilizer market.

More about Keras Resources

Keras Resources PLC is a company focused on the organic phosphate industry, primarily through its wholly owned Diamond Creek mine in Utah, USA. The company produces high-grade organic phosphate products tailored for the growing US organic fertilizer market, aiming to establish itself as a leading producer in this sector.

Average Trading Volume: 243,962

Technical Sentiment Signal: Sell

Current Market Cap: £1.29M

For detailed information about KRS stock, go to TipRanks’ Stock Analysis page.

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