Keras Resources (GB:KRS) has released an update.
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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.
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