Keras Resources (GB:KRS) has released an update.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Keras Resources PLC has successfully commenced the dry commissioning of its Integrated Granulator Plant at the Delta processing facility, marking a significant step in transitioning to a wholly owned production model. The plant’s initial production target is set at 520 tons per month, with plans to double output by the end of 2024, utilizing stockpiled PhosAgri feed from their Diamond Creek mine to ensure a positive cash flow impact. CEO Graham Stacey highlighted the rapid achievement of this milestone and the anticipated value addition from the Phosul Utah LLC joint venture to North American markets.
For further insights into GB:KRS stock, check out TipRanks’ Stock Analysis page.