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Keras Resources ( (GB:KRS) ) has provided an update.
Keras Resources plc has issued 4,285,714 new ordinary shares to Russell Lamming, the Executive Chairman, in lieu of a £60,000 payment. These shares are expected to be admitted to trading on AIM by 21 August 2025. This transaction, considered a Related Party Transaction under AIM rules, increases Lamming’s stake in the company to 6.83%. The issuance aligns with Keras’s strategy to manage its financial obligations while maintaining its market position in the organic phosphate industry.
More about Keras Resources
Keras Resources plc is a mining company that wholly owns the Diamond Creek organic phosphate mine in Utah, US. The mine is known for being one of the highest-grade organic phosphate deposits in the US and operates as a fully integrated mine-to-market operation. Keras focuses on producing organic phosphate products tailored to customer needs and aims to expand its market share in the US organic fertilizer market through its joint venture with Phosul LLC.
Average Trading Volume: 172,719
Technical Sentiment Signal: Sell
Current Market Cap: £1.34M
See more insights into KRS stock on TipRanks’ Stock Analysis page.